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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

The new reality is a much more challenging future in terms of planning, financing and predictability. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina). More radical and disruptive policy reactions in the medium term could lead to high carbon assets being stranded.