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Tue Dec 4, 2012, 08:20 AM

Fossil Fuel Subsidies Five Times Greater Than Pledges To Help Developing Nations


An analysis by advocacy group Oil Change International and Earth Track, found that "fossil fuel subsidies in rich countries are, on average, five times greater than those same countries' pledges towards climate finance—support to developing countries to address climate change and its impacts.''

During the COP18 climate conference in Doha, Qatar, activists from less affluent countries have called upon G20 leaders to help poorer nations cope with climate change—in the form of compensation for their greater greenhouse gas emissions.

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