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G20 Coal Subsidies

24 Jun 2019

The sources of support and the activities they benefit vary across the G20: • In terms of public finance, this year’s G20 host, Japan, remains one of the largest providers of public finance for coal overseas (US$5.2 billion per year), which threatens to undermine the credibility of Japanese Prime Minister Shinzo Abe’s call for other governments to step up their action on climate change. [...] Our findings also identify a relatively small amount of support for the transition away from coal mining, through rehabilitation of mining sites and support for workers and communities.15 However, it must be noted that there are other measures of government support for the phase-out of coal mining that are not captured in this data due to being very recent or a lack of detailed information regardi [...] All of the support captured in our results for rehabilitation of mining sites was in the form of fiscal support and from the OECD Inventory of Support Measures for Fossil Fuels database. [...] The sections that follow should be read with the caveat that support for coal between countries is not directly comparable: G20 countries have very divergent circumstances, and the differences have implications for the speed of the transition away from coal across countries, and also for the responsibilities of wealthier countries in providing support to assist other countries with the transition. [...] Only a few of these measures were captured or quantified in the OECD Inventory of Support Measures for Fossil Fuels, and therefore the total amount of resulting support is an underestimate of the total support to coal-fired power.
environment climate change politics public finance economics economy coal subsidy fossil fuel poverty electricity generation science and technology climate change mitigation natural resources fossil fuels electric power investments emissions trading carbon capture and storage g20 energy subsidies iea coal-fired energiewende in germany electric energy consumption coal power power production
Pages
52
Published in
Winnipeg, MN, CA

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