Governments across the G20 countries are estimated to be spending $88 billion every year subsidising exploration for fossil fuels. This report documents, for the first time, the scale and structure of fossil-fuel exploration subsidies in the G20 countries. The evidence points to a publicly financed bailout for carbon-intensive companies, and support for uneconomic investments that could drive the planet far beyond the internationally agreed target of limiting global temperature increases to no more than 2ºC.
COUNTRY BY COUNTRY BREAKDOWN
How much is each G20 government subsidising fossil fuel exploration?
Read more in our individual country studies for Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy,Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States.
WHERE EXACTLY IS THIS EXPLORATION HAPPENING?
The Guardian's interactive map looks at ten G20 countries to see where they are directing their funds in the search for new oil, gas and coal reserves.
sourche: http://www.odi.org/g20-fossil-fuel-subsidies
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