Pakistan Received Highest G-20 Coal Subsidy
Pakistan is one of the four countries to receive the highest amount of G-20 coal subsidy, a London based think tank concluded on Tuesday, DAWN reported.
According to a report issued by the Overseas Development Institute titled “G20 coal subsidies: tracking government support to a fading industry”, Pakistan and three other countries are recipients of the subsidy.
The report noted, “Between 2014 and 2017, G20 governments more than halved direct support for coal mining, from $22 billion to about $10 billion on average each year. But over the same period, they boosted backing for coal-fired power plants — particularly supporting the construction of the plants in other, often poorer nations — from $17 billion to $47 billion a year.”
The subsidy in question is G20 international public finance for coal-fired power plants and was received in 2016-17.
According to Dawn, the lead researcher, Ipek Gencsu, said in the report,
“You can see they’re pretty much exporting the dirty energy systems to countries in much earlier stages of their development.”
Powering Past Coal Alliance – a coalition of countries, states, and business working towards the global phase-out of unabated coal – aims at phasing out coal power between 2030 and 2050.
The alliance was formed back in 2017 by British and Canadian governments to reduce the coal footprint in the power generation sector.
Naya Daur Media (NDM) is a bi-lingual progressive digital media platform aiming to inform and educate Pakistanis at home and abroad.