Canada was the G20 country with the highest international public financing of fossil fuel sources between 2020 and 2022. In this period, Canada spent an average of some 11 billion U.S. dollars per year supporting oil and gas projects. Meanwhile, France was the largest supporter of clean energy financing, at some 2.6 billion U.S. dollars.
Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country
(in billion U.S. dollars per year)
Characteristic
Coal
Oil & gas
Clean energy*
Canada
-
11
1
South Korea
0.6
9.3
0.8
Japan
0.7
6.3
2.3
Germany
0.02
2
2.3
China
0.7
3.4
0.1
United States
0.02
2.2
1.3
France
-
0.2
2.6
Italy
-
2.6
0.2
Brazil
-
0.5
2
Russia
-
1.3
-
01234567891011121314
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Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country
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Oil Change International. (April 9, 2024). Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country (in billion U.S. dollars per year) [Graph]. In Statista. Retrieved April 17, 2025, from https://www.statista.com/statistics/1463219/g20-public-spending-on-clean-vs-fossil-fuel/
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Oil Change International. (April 9, 2024). Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country (in billion U.S. dollars per year) [Graph]. In Statista. Retrieved April 17, 2025, from https://www.statista.com/statistics/1463219/g20-public-spending-on-clean-vs-fossil-fuel/
Oil Change International. "Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country (in billion U.S. dollars per year)." Chart. April 9, 2024. Statista. Accessed April 17, 2025. https://www.statista.com/statistics/1463219/g20-public-spending-on-clean-vs-fossil-fuel/
Oil Change International. (2024). Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country (in billion U.S. dollars per year). Statista. Statista Inc.. Accessed: April 17, 2025. https://www.statista.com/statistics/1463219/g20-public-spending-on-clean-vs-fossil-fuel/
Oil Change International. "Average International Public Finance of Clean Energy and Fossil Fuels Worldwide between 2020 and 2022, by Select Country (in Billion U.S. Dollars per Year)." Statista, Statista Inc., 9 Apr 2024, https://www.statista.com/statistics/1463219/g20-public-spending-on-clean-vs-fossil-fuel/
Oil Change International, Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country (in billion U.S. dollars per year) Statista, https://www.statista.com/statistics/1463219/g20-public-spending-on-clean-vs-fossil-fuel/ (last visited April 17, 2025)
Average international public finance of clean energy and fossil fuels worldwide between 2020 and 2022, by select country (in billion U.S. dollars per year) [Graph], Oil Change International, April 9, 2024. [Online]. Available: https://www.statista.com/statistics/1463219/g20-public-spending-on-clean-vs-fossil-fuel/
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