Angus Taylor’s $240bn is doing Australia’s share in the dirty lifting
The report notes, “G20 countries have directed around USD 300 billion in new funds towards fossil fuel activities since the beginning of the COVID-19 pandemic — more than they have toward clean energy.” The only way to cap the temperature increase at a sweltering but perhaps not catastrophic 2.7F would be to slash those investments in half. In other words, if they stay on their current path, the richest 20 nations are making a laughingstock of themselves with their CO26 pledges next month.
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