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You are at:Home » G7 countries monitor their climate goals. Spend records for fossil fuel subsidies
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G7 countries monitor their climate goals. Spend records for fossil fuel subsidies

Adnan MaharBy Adnan MaharJanuary 21, 2025No Comments3 Mins Read0 Views
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The G7 Group of developed countries, Germany -developed countries overshoot voluntary targets to reduce carbon dioxide emissions by 2025, and instead subsidies fossil fuels that impair records. By new report.

G7, including Canada, France, Germany, Italy, Japan, Japan, the United Kingdom, the United States and the EU, promised to reduce harmful fossil fuel subsidies by 2025 in 2016, but coal in these countries. According to the analysis (2) of the International Currency Fund (IMF) of petroleum and gas subsidies (IMF), it has increased by 15 % to $ 1.36 trillion in 2023.

Green Piece Germany, which was entrusted by Germany and made a report for the forum for ecological and social market economy (Fös), indicated it as the worst criminal, and subsidized from 2016 to 2023. I raised the money by 166 %. Germany was second. 49 %.

The Greenpeace International Climate & Energy Program lead Virag Kaufer states:

“The G7 countries, the most rich and most powerful countries on the earth, have given almost 10 years to take measures to” exclude “fossil fuel subsidies by 2025. Now is 2025. They are not just overlooking the target. They have increased public expenditures on fuel that sucks the climate.

“This year, the government has already caused a record -related fire in the United States, and is the latest people of the billions of benefits for other climate -led disasters and fossil fuels, so the government grasped public spending and fossils. It is necessary to make urgent detours from fuel incentives.

Only Canada has slightly reduced fossil fuel subsidies since 2016 (minus 11 %) since 2016. All other countries are increasing the climate subsidies. According to an analysis based on the IMF numerical value, the total amount of fossil fuels in 2023 is the highest in the United States ($ 790 billion), Japan ($ 269 billion) and Germany ($ 114 billion). I did it.

The rise in energy prices after the invasion of Ukraine in Russia has increased significant subsidies for coal, oil and gas in most G7 countries. In Germany, IMF accounted for 38 % of gas and power prices, lowering gas VAT rates, and significant industries. Some of these measures, originally announced as temporary, are still in place today.

Green Peace Germany’s energy expert Sofia Vanvig said:

“Germany has no room to waste billions of tax revenues in order to subsidize company cars and aviation trips. We now have these funds socially modernly for everyone. Needed to be converted.

“The German government has created incorrect incentives that are harmful to the climate due to a subsidy policy based on fossils. It is better to reduce the burden on people with socially amazing climate tax.

The expansion of the extreme climate of liquefied natural gas (LNG) plants was not considered in research because of lack of data.

end

Note:

1. Report: Sky Promise: G7 is a subsidy reduction (English) position

2. G7 Declaration of May 2016

contact address:

Gregor Kesler, Green Piece Germany Press Office, (Email protection)

GreenPEACE International Press Desk (24 hours):+31 (0) 207 18 2470, (Email protection)



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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