
The global climate emergency needs financing for climate solutions, yet state-mandated institutions and companies continue to bankroll coal, oil and gas investments.
And despite international commitments to phase out the exploration and construction of coal power plants, companies and banks are still enabling the expansion of coal industry, which remains the world’s most carbon-intensive and polluting energy source.
The United Nations Intergovernmental Panel on Climate Change (IPCC) states that if the Paris climate goals are to be achieved, all untouched fossils must stay in the ground, and that all state subsidies for extraction and export must be stopped. Just Finance International calls on governments and financial institutions to take the lead in ending the financing of fossil fuels by export credit agencies and development finance institutions.
News about Fossil-Fuel Free Finance
Ugandan families displaced and left to struggle by China’s mega dam
Construction of the Karuma dam has deprived hundreds of people in Uganda’s Nile delta of their land, homes, and livelihoods.…
Serbian village left to suffer as Chinese-backed coal mine expands
Serbia’s Drmno coal mine is expanding rapidly without anyone knowing what its impact will be. Houses next to the open…
“The oil operations broke families and brought tears”
Early this year Uganda’s President Yoweri Museveni officially launched the oil drilling activities at the Kingfisher Development Area. This was…