News summary — COP26, Day 11
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António Guterres, Secretary-General of the UN, said in an important speech today:
”Promises ring hollow when the fossil fuel industry still receives trillions in subsidies, as measured by the IMF.”
”Promises ring hollow when the fossil fuel industry still receives trillions in subsidies, as measured by the IMF.”
Mr Guterres was referring to the fact that governments around the world are subsidizing the fossil fuel industry with $11 million in subsidies* — per minute! That means more than $182 billion since the start of the UN Climate Summit in Glasgow. This sum is already 82 percent higher than the annual climate finance that is currently being discussed at the Glasgow summit.
Help us change this. Agree to our climate warning to the G20, and share our partner UNDP:s #DontChooseExtintion campaign.
*Source: IMF
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