The grant paid for fossil fuel by industrial countries is five times greater than the climate aid that is given to poorer countries. These countries require funds so as to decrease emissions and to overcome the effects of global warming, reveals a study.

An amount of $58.7 billion was paid by developed nations in the year 2011 in subsidies to the oil, coal and natural gas trades and to consumers of the fuels. If the figure is evaluated against climate-aid, $11.7 billion every year was paid from the year 2010 to the year 2012.

The figures were revealed by the Washington-based campaign group Oil Change International today in Warsaw.

Reduction in the subsidies would assist countries in reducing the emission of green house gases, which are held responsible for global warming. This would also give funds to poorer countries to cope with increasing temperatures.

Richer countries are making full efforts in fulfilling the promise of giving $100 billion every year in climate aid by the year 2020.

Stephen Kretzmann, the founder of Oil Change International says, "Governments are not only still digging, they're still spending at least five times more in taxpayer support to dig more than they are to climb out".