{"id":32480,"date":"2014-11-11T10:00:00","date_gmt":"2014-11-11T10:00:00","guid":{"rendered":""},"modified":"2020-05-14T18:44:56","modified_gmt":"2020-05-14T18:44:56","slug":"7480-infographic-major-economies-spending-us-88-billion-on-fossil-fuel-subsidies","status":"publish","type":"post","link":"https:\/\/dialogue.earth\/en\/energy\/7480-infographic-major-economies-spending-us-88-billion-on-fossil-fuel-subsidies\/","title":{"rendered":"Infographic: Major economies spending US$88 billion on fossil-fuel subsidies"},"content":{"rendered":"

The G20 group of countries, a club of all the world’s leading economies, including Brazil, China, Germany, India, Japan and the United States, are spending US$88 billion a year on fossil fuel exploration subsidies. <\/p>\n

These generous public subsidies are "propping up fossil-fuel exploration" which would otherwise by uneconomic, according to a report<\/a> from the Overseas Development Institute and Oil Change International. <\/p>\n

“Despite the widespread perception that renewables are costly, our research reveals that finding new fossil-fuel reserves is costing nearly US$88 billion in exploration subsidies across the G20," says Shelagh Whitley from the Overseas Development Institute. "Scrapping these subsidies would begin to create a level playing field between renewables and fossil-fuel energy."
\n
\n<\/span>Infographic: The fossil-fuel bailout (click to enlarge)<\/em><\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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