Tag: G20 countries

G20 funds fossil fuels $30 billon a year under the radar: analysis

  by Patrick GALEY Agence France-Presse   PARIS, France (AFP) — Rich nations are funneling cash through government-backed financial institutions to provide $30 billion to fossil fuel projects each year that “run counter to the Paris Agreement”, a new analysis showed Thursday. The export credit agencies (ECAs) of G20 countries currently provide more than 10 times more state-backed finance to oil, gas and coal projects abroad than they do to renewable energy schemes, the analysis said. […]