The German Government is set to break a major international climate commitment, releasing a draft policy today for Euler Hermes, the German export credit agency, which allows the agency’s huge international fossil fuel financing to continue.
We are in the business end of the COP27 negotiations, as delegates haggle over the final declaration. As I write the news from Sharm el-Sheikh regarding the all important text is deeply concerning and comprehensively flawed.
To coincide with the “GX Week” in Japan, a network of civil society groups from across the region and Global South have come together to call for Japan to stop financing false solutions and delaying the just transition to clean energy.
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.
We have had great victories this year. But there is still so much more to do in order to stop fossil fuel extraction and fight for climate justice and a just transition and to stop further warming. Indeed, the warning signs continue to come. This week, scientists presented alarming news from Antarctica …
The G7 has now fallen squarely behind what leading economists, energy analysts, and global civil society has shown is required: an end to public finance for all fossil fuels. Our climate cannot afford further delay, and the failure of the G7 to heed these demands means more people impacted by the ravages of our climate chaos.
The raft of new bold climate policies by Joe Biden has left the oil industry “stunned” with fossil fuel stocks “plunging” due to his actions.
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.