We Don’t Have Time partners with UNDP to urge world leaders to end fossil fuel-subsidies

Stockholm—October 27. Urgent climate action is needed from all world leaders to reach the targets in the Paris Agreement and avoid an existential crisis.

But despite the fact that the emissions need to drop sharply within the next few years, the world’s governments continue to support the fossil-fuel industry with $11 million per minute, according to a new IMF analysis.

Globally, this added up to $5.9 trillion in 2020, or about 6.8 percent of global GDP, according to the analysis. And the number is expected to rise to about 7.4 percent in 2025.

To put a spotlight on how these subsidies fuel the climate crisis, United Nations Development Program, UNDP launched the global campaign #DontChooseExtinction, today in the run up to the UN COP26 meeting. In a humoristic and engaging short film, UNDP brings back a dinosaur to the UN General Assembly to challenge our world leaders and explain why financing mankind’s extinction is a bad idea.

WeDontHaveTime.org, the world’s largest review platform for climate solutions, has strengthened its partnership with UNDP to help spread the campaign to every corner of the world.

”To succeed with the transformation to a sustainable, fossil-free society, we need to make it profitable to save the planet and unprofitable to destroy it. This won’t happen if our world leaders continue to use enormous amounts of tax-payer money to subsidise dirty energy. This is nothing other than suicidal and it has to stop”, says Ingmar Rentzhog, founder and CEO of WeDontHaveTime.org.

In addition to encourage its worldwide network of climate activists and professionals to share the campaign, WeDontHaveTime.org will also be highlighting the campaign in numerous ways during its daily broadcasts, with millions of viewers, from inside the diplomatic zone in Glasgow.

”We’ll let the world know more about the campaign shortly”, says Ingmar Rentzhog.” In the meantime, we’d like to thank all our partners. A special thanks goes to our friends at PVBLIC Foundation. The campaign will launch in more than 30 languages simultaneously, and together with UNDP and all partners involved, we hope to reach more than 1 billion people.”

Please read the attached press release from UNDP.

We Don’t Have Time is the world’s largest review platform for climate solutions. Headquarted in Stockholm, and with offices in Washington DC and Nairobi, We Don’t Have Time has a monthly social media reach of over 50 million. Among its 150+ partners are UNDP, Ericsson, Volvo, Vodafone, Nordic Co-Operation, BT, and The Exponential Roadmap Initiative.