Climate experts say leaders at WEF in Davos need to figure out how to pay for the climate crisis — ASAP.
"We're especially excited about the prospect of getting out of the silos of talking about either climate or health on their own, and getting deep into a really collaborative discussion about the intersection of the two issues," she told Insider.
"Throughout it all, we must be careful not to pit our immediate needs against our long-term survival," Morris said.With 52 heads of state and over 500 CEOs heading to Davos this year, Chakraborty said that the meeting is the"perfect convening" to focus on financing a clean energy transition and"to accelerate the public-private partnerships needed to turn our goals into reality.
Fossil-fuel subsidies are a way for governments to lower the cost of fossil fuels. Often, the subsidies come in the form of tax breaks on either the consumption or production of fossil fuels such as oil and coal. According to, global fossil-fuel subsidies in 2020 totalled $5.9 trillion — which equates to around 6.8% of GDP.
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