G20 governments have committed $151 billion to fossil fuels in COVID-19 recovery packages

| December 7, 2020 | Leave a Comment

Filling station

Item Link: Access the Resource

Media Type: Article - Recent

Date of Publication: July 15

Year of Publication: 2020

Publication City: Boston, MA; Bogotá, Columbia; Oxford, UK

Publisher: Stockholm Environment Institute

Author(s): Elisa Arond, Cleo Verkuijl, Emily Yehle

Categories: , , , ,

The new Energy Policy Tracker offers a near-real-time snapshot of public funding commitments and other government policies related to the production and consumption of energy.

Data made public today on the Energy Policy Tracker , a new website tracking climate- and energy-related recovery policies, shows a total commitment of at least USD 151 billion from G20 governments in support of fossil fuels. Of them, only 20% make financial support conditional on green requirements, such as setting climate targets or implementing pollution reduction plans. At the same time, USD 89 billion has been committed to clean energy but 81% of this support is unspecific about the appropriate environmental safeguards.

Read the full article here.

 

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