G20 subsidies to oil, gas and coal production

G20 subsidies to oil, gas and coal production

New research by the the Overseas Development Institute (ODI) shows that G20 country governments’ support to fossil fuel production marries bad economics with potentially disastrous consequences for climate change.

The report Empty promises: G20 subsidies to oil, gas and coal production documents, for the first time, the scale and structure of fossil fuel production subsidies in the G20 countries. The evidence points to a publicly financed bailout for some of the world’s largest, most carbon-intensive and polluting companies.

 

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