Brussels, 13/11/2014 (Agence Europe) - On average, the G20 countries are spending $88 billion (€70 billion) a year on subsidies to fund the exploration of fossil energies (coal, gas and oil), according to a report by the think tank Overseas Development Institute and the environmental NGO Oil Change International, which was published on Tuesday 11 November, a few days ahead of the G20 summit in Brisbane (15-16 November).
This $88 billion comes from state enterprise investments ($49...