The G20 major economies are “moving in the wrong direction” in response to the coronavirus pandemic by using stimulus spending to support industries and companies that rely heavily on planet-warming fossil fuels, researchers said on Tuesday.
Despite repeated pledges to end subsidies for oil, gas and coal, G20 governments continue to fund fossil fuels, with the COVID-19 crisis doing little to change that, said a new report.
It pointed to regularly updated figures from Energy Policy Tracker, a non-profit research project. The latest data shows that G20 nations have committed more than $230 billion in COVID-19 recovery funds towards dirty energy so far.
