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Report: Climate Impacts & Fishing Industry Profits From EU Fuel Tax Subsidies

EU tax exemptions for fuel are harmful subsidies that reduce the costs of fishing, therefore leading to an increase of fishing capacity, and thus contributing to overfishing in the European Union

Report: EU Fuel Tax Subsidies Worth €1.5 billion are Driving Climate Impacts & Overfishing

The EU fishing fleet receives a tax break of between €759 million and €1.5 billion from fuel tax subsidies each year, as well as producing nearly 7.3 million tons of CO2 just from burning fuel, according to a report published today by the Our Fish campaign.