Governments of the world’s 20 wealthiest nations are disproportionately funneling pandemic stimulus funds to fossil fuels over clean energy sources, a new report found.
Data from Energy Policy Tracker, a new research effort by several civil society groups in multiple countries show, comes as experts and global leaders call for investment in clean energy. The G20 governments’ economic recovery packages include $151 billion for policies supporting production or consumption of fossil fuels, with just $30 billion of that coming with climate targets or emissions requirements, the report found. Those countries earmarked just $89 billion for clean energy sectors like wind, solar, and energy efficiency. The report comes with the caveat that many stimulus plans are still under discussion, including the E.U.’s $850 billion clean recovery plan. In the U.S., a Campaign Legal Center report released earlier this week found politically connected oil and gas companies also received preferential treatment.