This story was originally published by The Guardian and is reproduced here as part of the Climate Desk collaboration.
The nations that make up the G7 have pumped billions of dollars more into fossil fuels than they have into clean energy since the COVID-19 pandemic, despite their promises of a green recovery.
As the UK prepares to host the G7 summit, a new analysis reveals that the countries attending committed $189 billion to support oil, coal, and gas between January 2020 and March 2021. In comparison, the same countries – the UK, U.S., Canada, Italy, France, Germany and Japan – spent $147 billion on clean forms of energy.
The support for fossil fuels from seven of the world’s richest nations included measures to remove or downgrade environmental regulations as well as direct funding of oil, gas and coal.
The analysis from the development charity Tearfund, the International Institute for Sustainable Development, and the Overseas Development Institute showed that the nations missed opportunities to make their response to the pandemic greener. In most cases, money provided for fossil fuel industries was given with n... Read more