The trillions spent by G20 nations on fossil fuels between 2015 and 2019 could have paid for more than 4 TW of solar at today's prices

Polluting energy sources received more than $3 trillion from the EU and 19 of the world's largest national economies over that four-year period, despite G20 members having pledged to phase-out fossil fuel subsidy and address climate change back in 2009.A new climate factbook released by BloombergNEF has criticized the policy actions of G20 members, and highlighted the stark significance of poorly directed fossil-fuel funding. The Climate Policy Factbook published this month has monitored the progress made towards a low-carbon economy by G20 members, which include the EU alongside 19 of the world's ...

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