The world’s biggest economies, the G20, provided a record U.S.$1.4 trillion in public money for fossil fuels in 2022 despite the promise to reduce spending, a new study by a think tank said. 

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WION

Noida

Uttar Pradesh

India

G20 nations spent record money on fossil fuel subsidies in 2022 despite Glasgow pledges

Nagpur: After almost 14 years of committing to phase out fossil fuels, the G20 members spent a whopping $1.

Media Bias/Fact Check

Times of India

G20 countries spent record $1.4 trillion to support coal, oil, gas: Research

The report titled “Fanning the Flames: G20 provides record financial support for fossil fuels“ by International Institute for Sustainable Development, was released on Wednesday | Latest News India

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Hindustan Times

HT Media

New Delhi

Delhi Division

Delhi

G20 countries spent record $ 1.4 trillion to support fossil fuels last year; more than double of 2019

The report comes ahead of the Leaders’ Summit when the Group of 20 will meet in Delhi on September 9-10 and attempt to gain consensus on climate change.

Indian Express

Viveck Goenka

G20 countries gave record  $1.4 trillion to support fossil fuels in 2022: report

Even as world leaders talk big about tackling climate change by reducing reliance on non-renewable energy, a new report has revealed the world’s largest 20 economies spent a record amount of money on burning fossil fuels last year.

G20 nations spent a whopping $1.4 trillion on coal, oil and gas in 2022, the International Institute for Sustainable Development (IISD) think tank revealed in its report.

The report comes as stark contrast to promise

Invesco

In 2022, the G20 nations (the world's largest economies) would have directed an impressive $1.4 trillion towards coal, oil and natural gas. This is a historic level, despite the previous commitment by the G20 to reduce fossil fuel funding.

În 2022, națiunile G20 (cele mai mari economii din lume) ar fi direcționat o sumă impresionantă de 1,4 trilioane de dolari către cărbune, petrol și gaze naturale. Nivelul reprezintă un nivel istoric, în ciuda angajamentului anterior al G20 de a reduce finanțarea combustibililor fosili.

Investițiile în combustibili fosili, la un nivel-record în 2022. Statele aleargă după cărbune, petrol și gaze

Adevarul

Romania

Investing in fossil fuels at record levels in 2022 States are chasing coal, oil and gas

New Delhi, Aug 23 (PTI) G20 countries allocated a staggering USD 1.4 trillion of public funds to support fossil fuels in 2022, aiming to counter the impact of their soaring prices due to the Ukraine war and strengthen energy reserves, a new study has said. The study by independent think tank International Institute for Sustainable […]

The Print

Climate concerns: Ahead of G20 Summit, study says bloc poured USD 1.4 trillion into fossil fuels in 2022

G20 countries allocated a staggering $1.4 trillion of public funds to support fossil fuels in 2022, aiming to counter the impact of their soaring prices due to the Ukraine war and strengthen energy reserves, a new study has said.The study by independent think tank International Institute for Sustainable Development and partners comes as G20 leaders prepare for their summit meeting scheduled for Sept. 9-10 in New Delhi.India, the current G20 pres…

Climate Concerns: G20 Nations Poured $1.4 Trillion Into Fossil Fuels In 2022

"This support perpetuates the world's reliance on fossil fuels, paving the way for yet more energy crises due to market volatility and geopolitical security risks."

Ad Fontes Media

Common Dreams

Independent Media

United States

G20 Nations Dished Out at Least $1 Trillion in Fossil Fuel Subsidies in 2022: Analysis

The bulk of the G20's subsidies were aimed at consumers in a bid to contain the fallout from Russia’s invasion of Ukraine

Quartz

The G20 pledged to end fossil fuel subsidies in 2021—and then quadrupled them in 2022

The money was provided in government subsidies, investment and loans.

The G20 pledged to end fossil fuel subsidies in 2021—and then quadrupled them in 2022

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