Japan’s Dirty Secret: World’s top fossil fuel financier is fueling climate chaos and undermining energy security

November 8, 2022By Oil Change InternationalBriefings, Featured

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.

At a Crossroads: Assessing G20 and MDB international energy finance ahead of stop funding fossils pledge deadline

November 1, 2022By Oil Change InternationalBriefings, Featured 4 Comments

This report looks at G20 country and MDB traceable international public finance for fossil fuels from 2019-2021 and finds they are still backing at least USD 55 billion per year in oil, gas, and coal projects. This is a 35% drop compared to previous years (2016-2018), but still, almost twice the support provided for clean energy, which averaged only $29 billion per year.