G20 Backtracks on Fossil Fuel Funding Phase-Out in COVID-19 Recovery

November 9, 2020By Bronwen TuckerNews, Press Releases, Stop Funding Fossils

Despite repeated pledges to end inefficient fossil fuel subsidies, G20 governments’ support to fossil fuels has dropped by only 9% since 2014–2016, hitting USD 584 billion annually over the last three years, according to a report released today by the International Institute for Sustainable Development (IISD), the Overseas Development Institute (ODI), and Oil Change International (OCI).