The jump in G20 fossil fuel subsidies

Of all the crazy things to be doing in an age of climate breakdown, subsidising fossil fuels is among the craziest. It prolongs the problem, undermines the development of clean energy alternatives, and rewards the wrong things. And so at COP26, the G20 countries made a (qualified) pledge to phase them out.

We’re not off to a great start, according to a new report from the International Institute of Sustainable Development. The year following COP26, subsidies rose to a new record of $1.4 tril...