SECTORAL POLICIES / Energy

Study says that G7 countries are still spending more than $100 billion a year on subsidising fossil fuels

Brussels, 04/06/2018 (Agence Europe)

Despite the commitment they made in 2009 to phase out their subsidies to fossil fuels (coal, gas and oil) by 2025, the countries of the G7 (Germany, Canada, the United States, France, Italy, Japan and the United Kingdom) continued to grant more than $100 billion a year in aid to the production and consumption of these fuels in 2015 and 2016, according to a study published on Monday 4 June by the NGOs Natural Resources Defence Council, Overseas Development Institute, Oil Change International...