Fossil Energy Sources

The endorsement of the Paris Agreement at the Chinese G20 was clearly a step forward for energy sustainability in the face of climate change. Still the indications of how it might be achieved is limited in scope.

G20 governments are spending $444 billion every year to support fossil fuel production. These financial flows are limiting the expansion of renewable energies that could curb global warming and meet a variety of sustainable development goals.

The attempt to connect environmental and economic objectives turn out more difficult than expected. The green transformation must be seen as a political task.