G20 governments provided at least USD 168 billion in public financial support for renewable power in 2023, less than one third of G20 fossil fuel subsidies that year. Advanced G20 economies and China accounted for 95% of this support. Where disaggregated data was available, support was directed mostly to solar and wind. Public financial support may need to double to around USD 336 billion per year to achieve the pledge made at the 28th UN Climate Change Conference (COP 28) to triple renewable energy capacity by 2030.