G20 Scorecard of Fossil Fuel Funding

Argentina ranks second among G20 non-OECD countries due to relatively low support for fossil fuel use and good transparency, though it provides significant annual funding for oil and gas production, primarily through state-owned enterprise investments.

• Argentina provides substantial annual support for oil and gas exploration, production, refining, and transportation, totaling USD 29 billion on average from 2017 to 2019. The majority of this funding, USD 27 billion annually, comes from state-owned enterprise (SOE) investments, specifically through YPF S.A. and Integración Energética Argentina (IEASA).
• Total government support for fossil fuels in Argentina averaged USD 36.3 billion between 2017 and 2019. This total includes USD 4.3 billion in direct transfers, USD 1.3 billion in tax expenditure, USD 3.7 billion in induced transfers, USD 40 million in public finance, and USD 27 billion in SOE investment.
• While overall government support for fossil fuels decreased by 17% compared to the 2014–2016 average, SOE investments—primarily directed at oil and gas production—increased by 9% during the same period.
• The report notes that actual government support is likely underestimated due to transparency gaps. Specifically, investment figures for the coal SOE Yacimientos Carboníferos Río Turbio were unavailable, subnational SOEs were excluded from the scope, and public finance from Argentinian export credit agencies was omitted due to limited disclosure.
• Argentina's commitment to a G20 peer review of fossil fuel subsidies with Canada, initiated in 2018, is significantly delayed and lacks transparency regarding the measures to be included.

APA

Picciariello, A. (2020). G20 Scorecard of Fossil Fuel Funding. International Institute for Sustainable Development. https://www.iisd.org/system/files/2020-11/g20-scorecard-argentina.pdf

Chicago

Picciariello, Angela. G20 Scorecard of Fossil Fuel Funding. International Institute for Sustainable Development, 2020. https://www.iisd.org/system/files/2020-11/g20-scorecard-argentina.pdf.

Wikipedia

{{cite report |last1=Picciariello |first1=Angela |title=G20 Scorecard of Fossil Fuel Funding |publisher=International Institute for Sustainable Development |date=2020 |url=https://www.iisd.org/system/files/2020-11/g20-scorecard-argentina.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{picciariello2020g20, author = {Picciariello, Angela}, title = {{G20 Scorecard of Fossil Fuel Funding}}, institution = {International Institute for Sustainable Development}, year = {2020}, url = {https://www.iisd.org/system/files/2020-11/g20-scorecard-argentina.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }