European Development Finance Institutions fall short on climate ambition by allowing continued financing for fossil gasToday, one week ahead of the Finance in Common Summit, the Association of European Development Finance Institutions (EDFI) announced joint ambitions for climate action. The institutions commit to full Paris alignment by 2022 and to end coal and fuel oil financing. For gas finance, they commit to “generally exclude [such finance] by 2030 at the latest”, but leave the room open to gas financing beyond 2030 in certain cases.
We’re in this together, and we’re going to get through the next few days by continuing to show up, calling each other to action, and appreciating the ones fighting right besides you – knowing that you are in a community of millions fighting for justice. These next few days, we will let those who want … Read More
For the UK to be credible as a COP26 host, it should end all overseas and domestic finance and subsidies for oil and gas production. Emissions from oil, gas and coal in already-operating fields and mines globally will push the world far beyond 1.5°C of warming.
We stand with the people rising up in Minneapolis, across the United States, and around the world in demanding justice and fundamental change in the way our society, our governments, and our institutions operate. Black Lives Matter.