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• ↓ Burning Billions: Record public money for fossil fuels impeding climate action
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"In 2022, public financial support for fossil fuels, in the form of subsidies, investments by state-owned enterprises (SOEs), and lending from public financial institutions, exceeded USD 1.7 trillion globally."

"major economies and 8 MDBs pledged USD 519 billion to fossil fuel-intensive sectors, 40% of all public money committed to energy-producing and consuming activities."

"The Energy Policy Tracker covers the 2020-2021 period with data on COVID-19 government policy responses from a climate and energy perspective. Our analysis provides a detailed overview of the public finance flows as determined by recovery packages across the G20. Filter by country, energy type, finance mechanisms, and other categories to see, at a glance, what types of measures countries are implementing to tackle the crisis and what is shaping our future energy system."

"Different types of energy policies have varying impacts on within-country inequalities and poverty. Assessing those impacts and who may be adversely impacted is essential to achieving a just energy transition. The analysis in the Inequality and Poverty Dashboard supports this by providing an overview of the state of play of inequality and poverty for 30 countries covered in the Energy Policy Tracker, how different types of energy policies may contribute to decrease or exacerbate inequality and poverty and what types of complementary measures can be put in place to mitigate potential negative social impacts."

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Burning Billions: Record public money for fossil fuels impeding climate action