BloombergNEF report aims to increase transparency and inform policy priorities ahead of the G-20 Summit in Indonesia and COP27 climate conference in Egypt. mining
evaluates the progress made by each G-20 nation in three main policy areas: phasing out support for fossil fuels, putting a price on emissions, and enforcing climate-risk disclosure.
“We need to dramatically speed up the shift to clean energy and away from coal and other fossil fuels, and this report highlights some of the most important steps governments can take,” Bloomberg said. “The G-20 and G-7 governments have announced a range of seemingly more ambitious commitments to phase out fossil-fuel subsidies,” said Victoria Cuming, head of global policy at BloombergNEF and lead author of the factbook.
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