G20 nations fail to agree timeline for phasing out fossil fuel subsidies

Madeleine Cuff
clock
G20 nations fail to agree timeline for phasing out fossil fuel subsidies

World's richest nations failed to set a deadline for subsidy phase-out at meeting in Beijing last week, despite best efforts of China and US

The world's richest nations have failed to set a deadline for phasing out fossil fuel subsidies, a move campaigners say is vital to accelerate the rollout of renewable energy and prevent dangerous global...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Policy

Credit: Centrica

Clownfall, classics, and the climate

Boris Johnson's premiership has ended in failure, the opportunity to shape a new era of climate action squandered by a fundamental lack of seriousness

James Murray
clock 07 July 2022 • 8 min read
The Hornsea One offshore wind farm

Government confirms new contracts for 'record amount' of renewable energy

As the Prime Minister steps down, the latest round of flagship contract for difference auction secures almost 11GW of clean energy capacity from raft of renewables projects

James Murray
clock 07 July 2022 • 5 min read
What to expect - and hope for - in the new Green Finance Strategy

What to expect - and hope for - in the new Green Finance Strategy

Mobilising private finance to meet climate goals should be a core focus of the green finance roadmap currently being drawn up by ministers, writes UKSIF’s Oscar Warwick Thompson

Oscar Warwick Thompson, UKSIF
clock 07 July 2022 • 5 min read