G20 nations spent US$325.56 billion on fossil fuels, with the United States spending the most.

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Vika Azkiya Dihni 07/12/2021 14:26 WIB

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G20 nations collectively committed US$325.56 billion in fossil fuel financing between January 2020 and December 1, 2021. The United States had the largest funding commitment.

G20 Countries' Fossil Fuel Energy Funding Commitments (2021)

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G20 nations spent US$325.56 billion on fossil fuels, with the United States spending the most.

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G20 Countries' Fossil Fuel Energy Funding Commitments (2021)

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The use of clean energy and the reduction of fossil fuels will be a major topic at the G20 Summit in Bali in 2022. However, G20 member countries are still channeling billions of US dollars to fund fossil fuels.

G20 countries collectively committed US$325.56 billion to fossil fuel financing between January 2020 and December 1, 2021. Of this amount, US$274.39 billion was for unconditional fossil fuel financing and US$51.16 billion for conditional fossil fuel financing.

The United States had the largest commitment to fossil fuel energy financing at US$72.35 billion, all of which was unconditional.

India was second, with a commitment of US$44.31 billion. This comprised US$37.89 billion in unconditional fossil fuel financing and US$6.42 billion in conditional financing.

Indonesia is one of the G20 members with a relatively low commitment to fossil fuel financing, at US$6.54 billion, all of which was unconditional.

Unconditional fossil fuel financing supports the production and consumption of fossil fuels such as oil, gas, coal, and fossil fuel-based electricity without climate targets or additional pollution reduction requirements.

Conditional fossil fuel financing, on the other hand, supports the production and consumption of fossil fuels with climate targets or additional pollution reduction requirements and environmental damage mitigation. For example, the French government provided a bailout to Air France with the condition that the airline reduce its emissions.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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G20 nations spent US$325.56 billion on fossil fuels, with the United States spending the most.

G20 nations spent US$325.56 billion on fossil fuels, with the United States spending the most.

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G20 nations spent US$325.56 billion on fossil fuels, with the United States spending the most.

G20 nations spent US$325.56 billion on fossil fuels, with the United States spending the most.

Tags

Related Data

Pertamina's Non-Subsidized Fuel Prices to Increase as of December 1, 2025

Indonesia's Electrification Ratio Continues to Increase until 2024

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Indonesia's Per Capita Electricity Consumption, 2016-2024

Suralaya, the Largest Emitting Coal-fired Power Plant in Java-Bali and Sumatra

Energy Production Projections in Southeast Asia until 2029, Indonesia Ranks Highest

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