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Home > "G20 Nations Spend $452 Billion a Year Supporting Fossil Fuels: Study"

"G20 Nations Spend $452 Billion a Year Supporting Fossil Fuels: Study" [1]

"LONDON - The G20 group of major economies spend $452 billion per year supporting fossil fuel industries, despite their primary role in causing climate change, according to a study released on Thursday.

The report, which comes ahead of a crunch UN meeting in Paris to try to forge a global deal to avoid disastrous levels of climate change in December, accused governments of undermining their own climate change policies.

'G20 governments are handing out approximately $452 billion a year to prop up the production of fossil fuels - despite pledges to phase out subsidies and prevent catastrophic climate change,' the study by British think tank the Overseas Development Institute and Oil Change International found."

Agence France-Presse had the story November 12, 2015. [2]

SEE ALSO:

"EU To Seek Coal Funding Phase-Out At OECD Next Week - Sources" (Reuters) [3]

"G20 Spends Four Times More on Fossil Fuel Output Than on Renewables, Think Tank Says" (Reuters) [4]

Climate Change [5]
Economy & Business [6]
Energy & Fuel [7]
Government [8]
International [9]
Public [10]
Source: AFP [2], 11/12/2015
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Source URL:https://www.sej.org/headlines/g20-nations-spend-452-billion-year-supporting-fossil-fuels-study

Links
[1] https://www.sej.org/headlines/g20-nations-spend-452-billion-year-supporting-fossil-fuels-study [2] http://www.france24.com/en/20151112-g20-nations-spend-452-bn-year-supporting-fossil-fuels-study [3] http://www.reuters.com/article/2015/11/10/climatechange-summit-coal-idUSL8N1352UA20151110#kfjAJQJ5sIJqBUrr.97 [4] http://www.reuters.com/article/2015/11/12/us-g20-turkey-climatechange-idUSKCN0T101020151112#xAuPWjuTtBgEAEd5.97 [5] https://www.sej.org/category/topics-beat/climate-change [6] https://www.sej.org/category/topics-beat/business [7] https://www.sej.org/category/topics-beat/energy [8] https://www.sej.org/category/topics-beat/government [9] https://www.sej.org/category/region/international [10] https://www.sej.org/taxonomy/term/81