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The Guardian - UK
The Guardian - UK
Environment
Fiona Harvey Environment editor

More than £494bn subsidies a year in developing world harmful to climate, says report

Gas is flared at the Jose Antonio Anzoategui oil complex in Barcelona
A new report points toward subsidies for dirty industries as an obstacle for clean climate finance. Photograph: Matias Delacroix/AP

More than $650bn (£494bn) a year in public subsidies goes to fossil fuel companies, intensive agriculture and other harmful industries in the developing world, new data has shown.

The subsidies entrench high greenhouse gas emissions and are fuelling the destruction of the natural world, according to a report from the charity ActionAid.

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