More than €584bn subsidies a year in developing world harmful to climate, says report

A new report points toward subsidies for dirty industries as an obstacle for clean climate finance.

More than $650bn (€584bn) a year in public subsidies goes to fossil fuel companies, intensive agriculture and other harmful industries in the developing world, new data has shown.

The subsidies entrench high greenhouse gas emissions and are fuelling the destruction of the natural world, according to a report from the charity ActionAid.