G20 countries spent more than £1.1tn on fossil fuel subsidies after Ukraine war
At COP26 in 2021, member countries agreed to accelerate "the phase-out of unabated coal power and of inefficient subsidies for fossil fuels" in a bid to slow climate change. But according to the think tank International Institute for Sustainable Development (IISD), subsidies the following year from G20 countries reached $1tn–over four times the amount provided in 2021.
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