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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

This reform will not apply to our support for clean energy, renewables, and technologies that dramatically reduce greenhouse gas emissions. 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.

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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. E7 economies—the BRICs (Brazil, Russia, India and China), and Indonesia, Mexico and Turkey. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).