World Bank Decries Disastrous Fossil Fuel, Agriculture, & Fisheries Subsidies
A report from the World Bank this week urges nations to redirect the money from subsidy programs to fighting global heating.
G20 fossil fuel subsidies
G20 Governments Continue Spending Billions In Public Fossil Fuel Financing
G20 countries continue to spend billions in public financing for fossil fuels, spending nearly four times as much than on clean energy, averaging more than $70 billion annually, totaling $215.3 billion in deals for oil, gas, and coal between 2013 and 2015.
G20 Supporting Fossil Fuels To The Tune Of $88 Billion
Governments of the G20 organisation are contributing approximately $88 billion towards the exploration of fossil fuels each year, despite the numerous cases against such a move, and despite numerous pledges to eliminate fossil fuel subsidies. This, according to a new report conducted by the Overseas Development Institute and Oil Change … [continued]
G20 Leaders Agree To Phase Out “Inefficient” Fossil Fuel Subsidies
Earlier this month, G20 leaders meeting in St Petersburg, Russia decided to phase out the use of HFCs. This got a lot of attention (at least among green media), and rightfully so. However, another big decision made in St Petersburg seems to have bypassed most radars. The G20 leaders also … [continued]
