Despite important progress on establishing a loss and damage fund, COP27 failed to acknowledge the need for a rapid and equitable phase-out of oil, gas, and coal.
This briefing, “Japan’s Dirty Secret: World’s top fossil fuel financier is fueling climate chaos and undermining energy security,” reveals that Japan is the world’s largest public financier of fossil fuel projects, providing 10.6 billion USD per year between 2019 and 2021. Japan has been leading the drive to expand gas consumption in Asia and is the world’s leading financier of gas infrastructure globally, spending USD 6.7 billion on gas projects on average each year between 2019 and 2021.
FOR IMMEDIATE RELEASE November 8, 2022 Contacts: Makiko Arima — email@example.com (AEST) Susanne Wong — firstname.lastname@example.org (CEST) New briefing: Japan is the world’s largest provider of public finance for fossil fuels, spending 10.6 billion USD a year Briefing highlights that Japan’s support for oil, gas and coal is fueling the climate crisis, undermining energy security and harming … Read More
The International Energy Agency (IEA) released its 2022 World Energy Outlook (WEO), underscoring that accelerating investment in clean energy and efficiency, not new fossil fuels, is the answer to both climate and energy security crises. In a marked shift for the IEA, WEO 2022 essentially declares an end to the ‘golden age of gas,’ as a result of the current energy crisis cementing an economic case against gas expansion, on top of the clear climate case.
A group of 13 environmental and community leaders are calling on the Senate to reject Senator Manchin’s proposal to undermine environmental and community review and fast-track oil, gas, coal and mining projects.
There is growing international pressure on Vietnam to release three environmental activists who have been imprisoned in the country on trumped up tax-related charges. We urge you to take action to persuade the Vietnamese authorities to release the activists and safeguard the rights of human rights defenders in Vietnam.
“Biden’s climate legacy hangs in the balance — we need bold leadership, not tinkering around the edges. Declaring a climate emergency would make it clear that Biden views the climate crisis as an existential threat and unlock key powers to tackle climate change head-on and hasten a just transition to clean, renewable energy,” said Rees.
Earlier this month, Vietnam’s leading environmentalist, Nguy Thi Khanh was sentenced to prison on trumped up tax evasion charges, which have widely been condemned as an attempt to silence her and her campaign against dirty coal. Today, OCI is calling for her release.
Yesterday, Australia’s liberal Labor Party secured enough seats to hold an outright majority in the House, as the counting of votes continued ten days on from the historic election.
“The only effective response to today’s compounding crises is for global leaders to support the efficiency and clean energy solutions that can replace these dirty fuels and eliminate the need for any new LNG infrastructure,” said Laurie van der Burg.