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Report: G20 member countries still massively support fossil fuels
Image: PixabayOfficial Press Release Bloomberg NEF:
New Report Finds G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals
BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019 / U.N.-convened Net-Zero Asset Owner Alliance, representing over $6.6 trillion assets under management, and U.N. Special Envoy Michael R. Bloomberg urge G-20 leaders to take bold action ahead of COP26
Bloomberg Philanthropies and BloombergNEF today released a new Climate Policy Factbook outlining the progress that each G-20 member country has made toward moving to a low-carbon economy. The report was released to increase transparency and inform policy priorities ahead of upcoming international climate negotiations, including the G-20 Summit and Ministerial Meetings, the 75th Session of... ... More: Official Press Release Bloomberg NEF
- Keywords:
- Bloomberg NEF, G20, member, country, Paris Agreement, UN, COP26, subsidy, coal, gas, fossil fuels, renewable energy, CO2, emissions, low carbon
