Civil society organisations ask G20 Finance Ministers to phase-out fossil fuel subsidies
In the lead-up to the G20 Summit in November, 66 civil society organizations, including HEAL, are calling on the G20 finance ministers and the Turkish G20 Presidency to advance commitments to phase out fossil fuel subsidies and support ambitious climate action toward a global climate deal at the COP21 climate negotiations in Paris this December.
Earlier this year, the G7 acknowledged the need to decarbonize the global economy over the course of this century. To meet this ambitious objective, it is clear that the vast majority of known fossil fuel reserves will have to stay in the ground. The G20 bears the capacity and responsibility to display strong global leadership, and follow suit of the G7 to incite clear action towards decarbonisation and climate ambition in advance of the global climate summit in Paris.
The civil society organisations are calling on the G20 to deliver on the following issues:
Implementation of the G20 commitment to end inefficient fossil fuel subsidies.
Agreement to end public finance for coal.
Progress on delivering climate finance needs.
Read the full letter here.
The Turkish government should particularly hear this call for a healthy energy future. Under their national energy strategy, about 80 new coal-fired power plants are in the pipeline, making Turkey the 3rd largest country of coal investments, after China and India. A recent report by the International Institute for Sustainable Development found that the Turkish government continues to subsidise coal investments. In 2013, the amount of public financing was 730 million US-$. The Turkish government also plans to turn the existing coal power complex of Afsin-Elbistan into the biggest plant of the world.
A recent HEAL assessment showed that there is already a heavy health toll from existing coal power plants in Turkey, with health costs up to 3.6 billion EUR per year.
Last updated on 17 September 2015
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