Russia’s war in Ukraine and fuel price spikes mean international public finance institutions must roll out rapid decarbonization and aid packages, not back track by locking in new fossil infrastructure
Author: Bronwen Tucker
Using international public finance to unlock a just transition: key trends and opportunities
This briefing explains why financial flows to fossil fuels matter and how to use the data provided by the Public Finance for Energy Database to help secure a just energy transition.
EU position on ‘ending public support for fossil fuels’ fails to do exactly that
Today the Council of the European Union will approve a statement that commits all Member States to end international public finance in the form of export credits for projects in the fossil fuel energy sector.
Letter: CSO expectations for implementing Glasgow statement on public finance
Ahead of the first meeting of this group of signatories expected today, a group of 57 civil society organizations from every continent sent a letter to the UK government with recommendations for how to ensure the commitment is effective.
New Report: G20 governments Have Bankrolled More Than $188 Billion in Fossil Fuels Since 2018
New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26.
Report: USD 1.4 trillion fossil fuel buildout jeopardizes Africa’s economies, climate, and communities
New analysis details why a just energy transition in Africa requires an end to new oil, gas, and coal extraction projects
Civil society organizations react to Export Development Canada’s new climate targets
Today, Canada’s export bank, Export Development Canada (EDC), released new climate targets.
Civil society organizations react to World Bank Climate Change Action Plan’s failure to end finance for fossil fuels
The plan leaves the door open for new gas finance and keeps existing loopholes for continued support for all fossil fuels.
185 organizations call on Canadian officials to hold ReconAfrica accountable for massive oil and gas plans
In an open letter released as part of a week of action against the company ahead of their June 8 Annual General Meeting, signatories detailed the threats that ReconAfrica’s potential development poses for human rights, Indigenous rights, local livelihoods, drinking water for over 1 million people, the global climate, and a critical and world-famous ecosystem.
Multilateral Development Banks have financed at least $3 billion in fossil fuels during COVID-19 recovery
Today sees the release of the data on project financing from the nine major Multilateral Development Banks on the Energy Policy Tracker and a new Big Shift Global briefing, showing that, since the beginning of the pandemic, the Banks provided at least $12 billion to clean energy and $3 billion for fossil fuels.
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