Fossilized Financing

Renewable Energy Subsidies Lag Far Behind




The G20 nations, comprising the world’s biggest economies, provide four times more public financing to support fossil fuels than renewable energy, says a report from the environmental coalition Oil Change International. This took place even though German Chancellor Angela Merkel announced climate change as the heart of the agenda at the Hamburg summit in July 2017. The public financing—in soft loans and guarantees from governments along with huge fossil fuel subsidies—makes coal, oil and natural gas cheaper to use in the short run because both the front-end and back-end costs are undisclosed.


This article appears in the March 2018 issue of Natural Awakenings.

Edit ModuleShow Tags

Related Content

Dirt Houses Cancer-Protective Microbe

Soil contains bacteria that kills melanoma cancer cells, say Oregon State University researchers.

Doctors Underestimate Opioid Prescriptions

A survey of 109 emergency room doctors found they frequently underestimated how often they prescribed opioids and that they prescribed fewer when alerted to the situation.

Asthma Less Likely to Afflict Breastfed Kids

Dutch children that had been breastfed had a 45 percent lower incidence of asthma later in childhood.

Spanking Linked to Mental Health Problems

Adults that were spanked as children turned out to have a higher risk of depression, suicide attempts, drinking and drug use, according to University of Michigan researchers.

Wild Berries Prove Anti-Cancer Prowess

A naturally occurring compound found abundantly in wild berries increases the cancer-fighting ability of sirtuin 6 enzymes.

Add your comment: