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Investors ask G20 to phase out fossil fuel subsidies

Angela Merkel

Investors and insurers with more than $2.8 trillion in assets under management on Wednesday, 15 February 2017 called on the group of G20 economies to phase out fossil fuel subsidies by 2020 in order to accelerate green investment and reduce climate risk. The call came just before a G20 Foreign Ministers Meeting in Bonn, Germany to prepare for a Summit in ...

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Paris climate summit opens with call to end fossil fuel subsidies


A coalition of close to 40 governments, hundreds of businesses and influential international organisations on Monday called for accelerated action to phase out fossil fuel subsidies, a move that would help bridge the gap to keep global temperature rise below 2°C. On the opening day of the UN Conference on Climate Change (COP21), New Zealand Prime Minister John Key formally ...

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