U.S. single biggest violator of CETP pledge, approving the most fossil fuel projects of any signatory for a total of almost USD $2.3 billion.
Stop Funding Fossils
Oil Change International response to IEA Ministerial communique
“Today’s commitment to make a finance roadmap to limit warming to 1.5°C and ensure a just energy transition is a welcome step, but in order to be useful, the IEA’s new research must continue with strong recommendations to immediately halt finance flowing to fossil fuels, and start recommending dramatically increased public finance on fair terms for renewable energy and energy efficiency.”
Asia Civil Society Reactions to the Asia Zero Emission Community Summit Statement
Groups denounced the final statement from leaders of ASEAN member states, as leaders announced the Asia Zero Emission Community Joint Statement claiming a need to use gas, ammonia, biomass, hydrogen, and nuclear for greenwashing in Asia.
Activists warn post-COP28 Japan-ASEAN summit will be full of greenwashing and dangerous distractions
COP28’s historic agreement sent a long overdue signal on the end of the fossil fuel era, but glaring loopholes in the agreement could be exploited as Japan hosts the ASEAN summit and Asia Zero Emissions Community Summit.
Countries make joint statement on shifting fossil fuel subsidies towards renewable energy at COP28
“Today’s announcement from the Netherlands, United Kingdom, Canada and many of their peers is a disappointment. At a time when we need rich country leaders to concretely expand their past ambition to secure a fair deal, these ministers are just regurgitating promises and initiatives that are now more than a decade old and have been so ineffective that fossil fuel handouts and profits continue to reach record levels.”
Australia boosts 40+ signatory partnership to end international public finance for fossil fuels
Australia has joined a major international initiative to end international public finance for fossil fuels at an event held at the UK Government Pavilion today at COP28. Australia follows Norway, who also joined the initiative on Saturday.
Oil Change International responds to mixed bag at COP28 Finance Day outcomes
Today was Finance Day at the UN climate talks in Dubai, with a mixed bag of outcomes according to Oil Change International campaigners. Multilateral development bank representatives met with the COP28 Presidency, and failed to show progress in redirecting much needed finance for a just energy transition, while export credit agencies indicate a significant drop in fossil fuel support.
Pikachu-clad activists at COP28 call on Japan to end financing for fossil fuels
A global coalition of civil society groups organized a demonstration at the COP28 climate negotiations in UAE on “Finance Day” to demand that the Japanese government stop financing new fossil fuel projects and shift support to renewable energy. The action featured activists wearing inflatable Pikachu costumes and a slogan calling on Japan to say #SayonaraFossilFuels.
200+ civil society groups urge leaders at COP28 to transform public finance
Today 222 civil society groups from 55 countries sent an open letter calling on world leaders to transform international public finance to tackle climate change and deliver a just energy transition.
Norway joins 40-signatory partnership to end international public finance for fossil fuels
Minutes ago, Norway joined a major international initiative to end international public finance for fossil fuels today at COP28, called the Clean Energy Transition Partnership.