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Handful of governments block clean energy transition with billions in international finance for fossil fuels

New report shows that between 2020 and 2022, G20 governments and the multilateral development banks (MDBs) provided $142 billion in international public finance for fossil fuels, almost 1.4 times their support for clean energy in the same period.

Glasgow cityUnited kingdomPapua new guineaUnited statesFrance generalJorgee viKate deangelisClaire omaniqueKate cookNicole rodelPeter bosipMakiko arimaMultilateral development bankJapan bankPublic finance analyst at oil change internationalCentre for environmental law community rights

U S blocks clean energy transition with outsized fossil fuel support

The US and a handful of other bad actors are blocking a just transition to renewable energy with outsized financial support for fossil fuels.

Papua new guineaUnited statesFrance generalGlasgow cityUnited kingdomWorld bankDistrict of columbiaKate deangelisJorgee viErika seiberKate cookPeter bosipUniversity of cambridgeSenior international finance programCentre for environmental law community rightsOil change internationalbriefing

New analysis: International agreement builds momentum for shifting billions away from fossil fuels, but U S , others lag behind

U.S. single biggest violator of CETP pledge, approving the most fossil fuel projects of any signatory for a total of almost USD $2.3 billion.

United arab emiratesUnited statesFrance generalUnited kingdomGlasgow cityJorgee viNicole rodelMoritz leinerAdam mcgibbonValentina stacklKate cookOil change internationalCampaign strategist at oil change internationalUniversity of cambridgeClean energy transition partnershipCampaign strategist

REVEALED: Taxpayer-funded fossil fuel projects from the U S , Germany, and Italy breach international climate commitments

Rich countries have continued to approve USD 4.4 billion in international public finance despite committing to end this support by the end of 2022. Six countries including the United States, Germany, Italy and Japan have at least 26 fossil fuel projects awaiting approvals, with Germany having the biggest number of projects pending.

France generalUnited kingdomPort arthurNew zealandGlasgow cityUnited statesPapua new guineaNew yorkJorgee viNicole rodelClaire omaniqueJohn beardKate cookPeter bosipValentina stacklAnabela lemos

Italy breaks climate promise to end public financing for international fossil fuel projects, publishing worst-in-class climate policy

Italy’s far -right government has broken a major climate pledge to end public financing for international fossil fuel projects.

France generalUnited kingdomNew zealandGlasgow citySimone ognoAdam mcgibbonCommercio esteroJorgee viKate cookEuropean investment bankUnited nations framework convention on climate changeIntergovernmental panel on climate changeUniversity of cambridgeOil change internationalInternational energy agencyPublic finance strategist at oil change international

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