2017-07-10 16:07:13

Even as All G20 Countries Except U.S. Affirm Paris Deal, Nations Pour $72B a Year into Fossil Fuels

On Saturday, world leaders broke with the United States on climate change and reaffirmed their commitment to the Paris climate agreement, which they called "irreversible." The final joint statement from the G20 summit in Hamburg, Germany, took the unusual step of acknowledging the U.S. rejection of the Paris deal while reiterating the rest of the world’s support for the landmark climate agreement. Meanwhile, a group of environmental organizations have released a new report claiming G20 governments provide an average of $72 billion per year in public finance for fossil fuels—nearly four times as much as they provide for clean energy. The report is titled "Talk is Cheap: How G20 Governments Are Financing Climate Disaster."