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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. This reform will not apply to our support for clean energy, renewables, and technologies that dramatically reduce greenhouse gas emissions.

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

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—Leo Johnson, Partner, Sustainability and Climate Change, PwC. —Jonathan Grant, director, sustainability and climate change, PwC. The pace of reducing global carbon intensity has been slow despite growing international focus on climate change. nuclear war, radical climate change before 2050).