Finance in Common Summits misses opportunity to end fossil fuel finance, but there is a way forward, say CSOs

November 12, 2020By LaurieBlog Post, Featured, News, Press Releases, Stop Funding Fossils

Today development banks signed a joint declaration at the first global summit of development banks, Finance in Common. Before the summit, the UN Secretary General, youth climate activists, and over 300 civil society organisations all urged development banks to act to end fossil fuel investments. However, the joint declaration only includes a vague commitment to “consider” ways to reduce fossil fuel investments.