Britain spent 'twice as much on overseas fossil fuels as renewables'

Photo of Britain spent 'twice as much on overseas fossil fuels as renewables'
Facebook
VKontakte
share_fav

Nearly half of £6.1bn energy spending in developing countries from 2010-14 went on oil, coal and gas-fired schemes, data shows

The UK has spent more than twice as much overseas support on fossil fuels projects as on renewable ones so far this decade, according to research commissioned by the Catholic aid agency Cafod.

The Overseas Development Institute, which analysed the figures, found that 46% of Britain’s £6.1bn energy spending in developing countries between 2010 and 2014 went on oil, coal and gas-fired schemes, compared with 22% for renewable energy projects.

Related: Fossil fuel subsidies are a staggering $5 tn per year | John Abraham

Continue reading...
view The Guardian: Economics
#fossil fuels
#environmental sustainability
#sustainable development
#sustainable development goals
#fossil fuel divestment
#global development
#department for international development dfid