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Public financing of fossil fuels by G20 countries (in billion nominal U.S. dollars)

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Sources

Release date

November 2023

Region

Worldwide

Survey time period

2013 to 2022

Special properties

Figures include budget transfers, tax expenditure, public finance, investment by state-owned enterprises, and consumer price support; * Provisional

Citation formats

G20's public spending on fossil fuels 2013-2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Apr 24, 2024

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 **** 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.

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