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

Madeleine Cuff
clock • 2 min read

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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

New European Commission standard to protect SMEs from 'excessive' sustainability data requests

New European Commission standard to protect SMEs from 'excessive' sustainability data requests

New standard developed by EFRAG to guide larger companies and financial institutions on sustainability data requests to SMEs

clock 04 August 2025 • 2 min read
Global Briefing: Green campaigners slam EU-US trade deal

Global Briefing: Green campaigners slam EU-US trade deal

Plus New Zealand ends ban on offshore oil and gas exploration, Iberdrola agrees to sell business in Mexico, and Whole Foods Market maps 1,000 acre ‘biodiversity highway’

clock 01 August 2025 • 9 min read
Decarbonising cement: Why linking the UK and EU's Emissions Trading Schemes isn't enough

Decarbonising cement: Why linking the UK and EU's Emissions Trading Schemes isn't enough

Moves towards linking the UK and EU's carbon markets and establishing carbon border levies are steps in the right direction, but far more policy certainty and support is still needed to help heavy industry decarbonise, writes Diana Casey from the Mineral...

Diana Casey, Mineral Products Association
clock 01 August 2025 • 6 min read