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G20 spends four times more on fossil fuel output than on renewables, think tank says
2015-11-12 01:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The G20 countries spend almost four times as much to prop up fossil fuel production as they do to subsidize renewable energy, calling into question their commitment to halting climate change, a think tank said on Thursday The G20 spent an average $78 billion on national subsidies delivered through direct spending and tax breaks in 2013 and 2014, according to a report from the Overseas Development Institute (ODI) on Thursday. A further $286 billion was invested in fossil fuel production by G20...
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Category:Electronics and Electrical