Fanning the flames: G20 provides record financial support for fossil fuels

This document provides the latest evidence regarding the extent to which the G20, as a whole, has made progress in aligning public financial flows with the need to reduce greenhouse gas emissions. The first four sections cover the main types of support for fossil fuels: subsidies, investments by state-owned enterprises, lending from public financial institutions, and under-taxation. The final two sections examine progress on renewable energy subsidies and investments. Each section contains recommendations for the G20.