Mail & Guardian
Mail & Guardian
fossil fuel subsidieslatest news & developments
In 2024, global coal consumption reached a record high, with commercial banks investing more than $130 billion across Asia, the US and Europe.. (Paul Botes)
CARBON CAPTURE AND STORAGE

Coal lobby urges ‘fair’ funding as civil society warns against false claims

Mike Teke, of FutureCoal, has written an open letter to global financial leaders urging them not to turn their backs on coal

  • Sheree Bega
6 min read
The Glasgow Climate Pact called for the removal of ‘inefficient’ fossil fuel subsidies, but a commitment to remove all fossil fuel subsidies is needed. (Photo by Kevin Frayer/Getty Images)
100 BILLION CLIMATE FUND

COP26 was more talk than action

The Glasgow Climate Pact called for the removal of ‘inefficient’ fossil fuel subsidies, but a commitment to remove all fossil fuel subsidies is needed

  • David Monda
4 min read