IISD in the news

G20 spent a record $1.4 trillion on fossil fuels in 2022, report says

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. "The 2022 energy price crisis, brought about by Russia’s invasion of Ukraine, has catapulted public financial support for fossil fuels to new levels," said the International Institute for Sustainable Development, or IISD, in its analysis, Fanning the Flames, released on Wednesday.

August 23, 2023