Empty promises: G20 subsidies to oil, gas and coal production - Report

Last Modified: Sun Nov 15 2015 03:24:54 GMT+0530 (India Standard Time)
  • 2009
    year when leaders of the G20 countries pledged to phase-out ‘inefficient’ fossil fuel subsidies, yet very little has happened six years later, according to Shelagh Whitley of the Overseas Development Institute.
  • $452 billion
    average annual subsidies from G20 governments to fossil fuel production in 2013 and 2014.
  • 4x
    times, the subsidies provided to fossil fuel production compared to all global subsidies to renewables in 2013, according to International Energy Agency (IEA) estimates.