Fossil fuel subsidies at record level

Never before have the G20 countries paid more subsidies to producers of oil, gas and coal than in 2021: $64 billion. In total, the 20 largest countries, which are responsible for about 75 percent of all greenhouse gas emissions, supported the production and consumption of fossil raw materials with $190 billion this year. That was revealed by the „Climate Transparency Report“ of an international cooperation of 16 think tanks and environmental groups, based on data from the OECD and the International Energy Agency (IEA).