G20 finance for fossil fuels slumped in 2019-21 but still nearly double than for clean energy -report

Published 11:05 on November 1, 2022  /  Last updated at 18:34 on November 23, 2022  /  Americas, Asia Pacific, China, EMEA, International  /  No Comments

G20 countries and multilateral development banks (MDBs) provided at least $55 billion per year in international public finance for oil, gas, and coal projects between 2019-21, nearly twice as much as was provided by from those sources for clean energy over the same period, a report from non-profit climate groups revealed on Tuesday.

G20 countries and multilateral development banks (MDBs) provided at least $55 billion per year in international public finance for oil, gas, and coal projects between 2019-21, nearly twice as much as was provided for clean energy over the same period, a report from non-profit climate groups revealed on Tuesday.

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