Major economies pledged a decade ago to phase out all aid for fossil fuels
G20 nations have almost tripled the subsidies they give to coal-fired power plants in recent years, despite the urgent need to cut the carbon emissions driving the climate crisis.
The bloc of major economies pledged a decade ago to phase out all fossil fuel subsidies.
The figures, published in a report by the Overseas Development Institute (ODI) and others, show that Japan is one of the biggest financial supporters of coal, despite the prime minister, Shinzo Abe, having said in September: “Climate change can be life-threatening to all generations … We must take more robust actions and reduce the use of fossil fuels.” The annual G20 meeting begins in Japan on Friday.
China and India give the biggest subsidies to coal, with Japan third, followed by South Africa, South Korea, Indonesia and the US. While the UK frequently runs its own electricity grid without any coal power at all, a parliamentary report in June criticised the billions of pounds used to help to build fossil fuel power plants overseas.
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June 25, 2019 at 02:55AM