IISD in the news

G20 spent record US$1.4 trillion on fossil fuels in 2022 despite climate change pledges: Report

G20 member nations last year provided a record US$1.4 trillion–more than double that of pre-Covid levels–to support fossil fuels that have fanned global warming, a report has revealed, despite previous pledges to phase out subsidies.

August 24, 2023