Oil Change International publishes upwards of 20 reports and briefings every year focused on supporting the movement for a just phase-out of fossil fuels.
Here in Doha for the UN climate negotiations, we've just released new analysis that shows that fossil fuel subsidies in rich countries are, on average, five times greater than those same countries' pledges towards climate finance.
Our latest report finds that global fossil fuel production and consumption subsidies are at least $775 billion annually and could be $1 trillion or even more. There is an urgent need for transparency in subsidy reporting.
In this graphic, you can see that according to Oil Change International analysis, governments around the world are spending perhaps more than $1 trillion USD combined per year subsidizing the fossil fuel industry.
This report, prepared by Oil Change International and Earth Track, is the first independent evaluation of the success of the G20 Pledge to phase out fossil fuel subsidies. The report reveals large gaps in the reporting of subsidies and that no new actions have been taken by G20 nations as a result of their commitment in Pittsburgh to phase out fossil fuel subsidies.
