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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. We ask the international financial institutions to offer support to countries in this process.

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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 International Energy Agency, for example, now considers 4°C and 6°C scenarios as well as 2°C in their latest analysis. The new reality is a much more challenging future in terms of planning, financing and predictability. E7 economies—the BRICs (Brazil, Russia, India and China), and Indonesia, Mexico and Turkey.