Reuters: Rich nations’ fossil fuel export funding dwarfs green spend - documents

(Reuters, Brussels, 30 March 2015) Rich nations provided around five times as much in export subsidies for fossil-fuel technology as for renewable energy over a decade, according to OECD data seen by Reuters. The Organisation for Economic Cooperation and Development (OECD) figures on export credits are central to a debate on targeting funding ahead of U.N. climate talks in Paris at the end of the year. Just when the European Union is leading the push for a new global deal on curbing emissions and is phasing out domestic coal subsidies, the documents underline the scale of the developed world's investment in exporting technology for the most polluting fossil fuel.