Aviva, Aegon and Amlin issue joint statement urging leaders to build on previous commitments and end subsidies within four years, reports Climate Home
Three of the world’s biggest insurers have called on G20 leaders to implement a timeframe for ending fossil fuel subsidies when they meet in China this week.
The G20 has already committed to phase out “inefficient fossil fuel subsidies that encourage wasteful consumption” over the “medium term”. In May, the G7 nations pledged to achieve this by 2025.
Source: Guardian Environment