Brown to green: the G20 transition towards a net-zero emissions economy 2019 (ODI, 2019)

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The ODI released their annual G20 Brown to Green report this week, showing that G20 countries’ energy-related CO2 emissions rose for a second year running in 2018. According to the report, at the core of the growth in emissions is the G20’s reliance on fossil fuels, propped up by public financing. Earlier ODI research quantified this financing and found that $127 billion of subsidies per year in G20 countries went to production and consumption of coal, oil, and natural gas. In addition, the ODI estimated that another $17 billion per year was transferred domestically to ‘brown’ energy industry through loans, credits, and insurance. To access the full report, follow the link to ODI’s website.