‘Reckless’: G20 states subsidised fossil fuels by $3tn since 2015, says report

‘Reckless’: G20 states subsidised fossil fuels by $3tn since 2015, says report

Support for coal, oil and gas remains high despite pledges to tackle climate crisis

The G20 countries have provided more than $3.3tn (£2.4tn) in subsidies for fossil fuels since the Paris climate agreement was sealed in 2015, a report shows, despite many committing to tackle the crisis.

This backing for coal, oil and gas is “​​reckless” in the face of the escalating climate emergency, according to the report’s authors, and urgent action is needed to phase out the support. The $3.3tn could have built solar plants equivalent to three times the US electricity grid, the report says.

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