G20 countries still backing fossil fuels through COVID-19 response
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.
