Press Release by ODI.

 

These nine infographics illustrate that the G20 currently has no plan of action, tracking system, or deadline to phase out fossil fuel subsidies.

The commitment since 2009:

Infographic: Every year since 2009, the G20 has pledged to phase out fossil fuel subsidies

 

Infographic: G20 governments provide $444 billion per year to support fossil fuel production

 

Infographic: International agreements in 2015 called on governments to address fossil fuel subsidies

 

Infographic: Insurers and investors with $3.5 trillion in assets called on the G20 to phase out fossil fuel subsidies by 2020

 

Infographic: The world's most vulnerable countries support the immediate removal of fossil fuel subsidies by 2020 at the latest

 

Infographic: More than 450 civil society organisations have called on the G20 to end fossil fuel subsidies by 2020

 

Infographic: The G20 set a 2025 deadline to end all fossil fuel subsidies

 

Infographic: Currently the G20 has no plan, deadline, or tracking system to meet their 2009 pledge

 

Infographic: In Hamburg the G20 must set a deadline to end all fossil fuel subsidies
It finds that, by providing subsidies for fossil fuel production, the G20 countries are creating a ‘lose-lose’ scenario. They are directing large volumes of finance into high-carbon assets that cannot be exploited without catastrophic climate effects. This diverts investment from economic low-carbon alternatives such as solar, wind and hydro-power. In addition, the scale of G20 fossil fuel production subsidies calls into question the commitment of governments to an ambitious deal on climate change.