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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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—Leo Johnson, Partner, Sustainability and Climate Change, PwC. Resilience will become a watch word in the boardroom—to policy responses as well as to the climate. The new reality is a much more challenging future in terms of planning, financing and predictability. nuclear war, radical climate change before 2050).