Three choices for a more strategic Europe socialeurope.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from socialeurope.eu Daily Mail and Mail on Sunday newspapers.
This weekend G7 leaders will meet in Hiroshima, a month after G7 ministers left the door open to new gas investments, falsely claiming to have ended fossil fuel finance. Civil society organizations in Japan and around the world are urging G7 countries to hold fast against pro-fossil fuel language in the outcome of the Leaders Summit, and instead reaffirm and strengthen the 2022 commitment to end international public finance for fossil fuels and shift this public money to clean energy.
Our new report “Past Last Call: G20 public finance institutions are still bankrolling fossil fuels” looks at G20 country and MDB public finance for fossil fuels from 2018-2020 for the first time and finds they are still backing at least USD 63 billion per year in oil, gas, and coal projects. Our new report “Past Last Call: G20 public finance institutions are still bankrolling fossil fuels” looks at G20 country and MDB public finance for fossil fuels from 2018-2020 for the first time and finds they are still backing at least USD 63 billion per year in oil, gas, and coal projects.
New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26. New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26.