Today G7 climate, energy and environment ministers issued a communique committing to end public finance for fossil fuels by the end of this year.
g7 ministerial
Opportunity to shift G7 finance from fossils to clean energy
This briefing illustrates how G7 public finance flows remain severely misaligned with climate goals. G7 public finance for fossil fuels between 2018 and 2020 totalled over USD 100 billion, four times its support for renewable energy.