G20's public support for fossil fuels rose significantly in 2022. Public spending on fossil fuels more than doubled between 2021 and 2022 and is estimated to have reached 1.29 trillion nominal U.S. dollars in the latter year. This was due to government incentives aimed at easing the impact of a surge in energy prices on households.
Public financing of fossil fuels by G20 countries
(in billion nominal U.S. dollars)
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BloombergNEF. (November 21, 2023). Public financing of fossil fuels by G20 countries (in billion nominal U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1463287/g20-public-support-for-fossil-fuels/
BloombergNEF. "Public financing of fossil fuels by G20 countries (in billion nominal U.S. dollars)." Chart. November 21, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1463287/g20-public-support-for-fossil-fuels/
BloombergNEF. (2023). Public financing of fossil fuels by G20 countries (in billion nominal U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1463287/g20-public-support-for-fossil-fuels/
BloombergNEF. "Public Financing of Fossil Fuels by G20 Countries (in Billion Nominal U.S. Dollars)." Statista, Statista Inc., 21 Nov 2023, https://www.statista.com/statistics/1463287/g20-public-support-for-fossil-fuels/
BloombergNEF, Public financing of fossil fuels by G20 countries (in billion nominal U.S. dollars) Statista, https://www.statista.com/statistics/1463287/g20-public-support-for-fossil-fuels/ (last visited November 22, 2024)
Public financing of fossil fuels by G20 countries (in billion nominal U.S. dollars) [Graph], BloombergNEF, November 21, 2023. [Online]. Available: https://www.statista.com/statistics/1463287/g20-public-support-for-fossil-fuels/
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