Skip to main content

Natural Awakenings Tucson

Fossilized Financing: Renewable Energy Subsidies Lag Far Behind

The G20 nations, comprising the world’s biggest economies, provide four times more public financing to support fossil fuels than renewable energy, says a report from the environmental coalition Oil Change International. This took place even though German Chancellor Angela Merkel announced climate change as the heart of the agenda at the Hamburg summit in July 2017. The public financing—in soft loans and guarantees from governments along with huge fossil fuel subsidies—makes coal, oil and natural gas cheaper to use in the short run because both the front-end and back-end costs are undisclosed.


This article appears in the March 2018 issue of Natural Awakenings.

Presented by Transformational Medicine
Show us your best shot of summer in Tucson! Enter our Photo Challenge from July 1-15. The top 5 photos will be voted on by our readers and online friends from August 1-15. The winning photo will be featured in our September issue, and the photographer will win a $40 La Botana Mexican Restaurant gift certificate, plus a $100 certificate to a local business of your choice!
Sponsored By
Join Our Email Newsletter

COMING IN PRINT: 2020 AUGUST Issue
Due Date: July 10. Be a part of our upcoming August issue. Contact [email protected] for cheerful and efficient help with your marketing!
Missed the print deadline? Try email news!

Email News Exclusives with Social Media pushes; ask us about it today! [email protected]

Visit Us on Facebook
2020 Editorial Calendar

Interview with Stephen Dinan of The Shift Network
Eat More Citrus for a Thinner Waistline
COVID Kids: Stress Can Impact Sperm and Future Offspring