Foreign direct investments and loans from China have in recent years enabled some of Serbia’s largest and most polluting infrastructure projects in coal, mining and transport sectors. These particular investments have been reported to be benefiting from practices that are nothing short of undercutting legal requirements specific to procurement, transparency and environmental permitting procedures.
Every year, G20 countries give tens of billions of taxpayer-backed money to the fossil fuel industry via secretive government agencies known as Export Credit Agencies (ECAs). We can’t address the climate crisis effectively if our governments continue to prop up fossil fuels.
Find out more and sign the letter to world leaders urging them to stop supporting the fossil fuel industry via public financial institutions: http://www.fossilfreeecas.org
One day before world leaders meet to discuss the energy transition at the United Nations High Level Dialogue on Energy, more than 200 civil society organizations (CSOs) from over 40 countries have released a statement calling on world leaders to end international public finance for coal, oil and gas. The statement points to International Energy… Continue reading 200+ CSOs call on world leaders to end public finance for fossil fuels in 2021
The pending announcement from the government to phase out fossil fuel in export finance is welcome, but not enough to help Denmark meet its climate goals. A study from Just Finance shows, with zero new fossil fuel projects in the Danish export credit agency EKF’s 2019, 2020 and 2021 portfolio, it will have a minor… Continue reading Denmark plans to phase-out fossil fuel support for export credits – whilst carbon intensive projects continue
Copenhagen, 22 September 2021:- Responding to China’s breakthrough announcement at the United Nations General Assembly on September 21 that it will ’’not build new coal-fired power projects abroad,” Just Finance International and the Western Balkan ‘end coal’ campaign monitoring Belt and Road Initiative coal projects in Southeast Europe welcome Beijing’s move to exit its international coal… Continue reading Response: China’s Pledge to End Coal Projects Met With Cautious Welcome in Europe
Today, VedvarendeEnergi has along with 400 other organizations called on the EU and member states to pack up and leave the ECT by November’s UN climate summit. We belive that the Energy Charter Treaty protects investments in destructive fossil fuels, and lets energy companies sue states in corporate courts for acting on climate change. Therefore… Continue reading Enviromental Organizations: Leave The Energy Charter Treaty before COP26
The Danish export credit agency, EKF, should immediately stop the financing of emission intensive industries in order to reduce the negative impact on climate and environment. This is recommended in the Just Finance report “Decarbonising Danish Export Credits”. Read more
With many DKK billions at its disposal, the Danish Export Credit agency EKF finances over 100 projects a year. For most projects, no assessment of the impact on the climate, environment, and local communities is undertaken or published, as this is not required for smaller projects or projects that are not considered high-risk by international… Continue reading Decarbonising Danish Export Credits – a case study: A critical review of the climate footprint, environmental and social due diligence and transparency in the Danish Export Credit Agency
Public statement by civil society organisations on the launch of the Export Finance for Future. Read More
We are encouraged by the Biden Administration’s initial steps to implement a ‘whole-of-government’ approach to the climate crisis, as set out in the January 27 “Executive Order on Tackling the ClimateCrisis at Home and Abroad.” We are writing now to provide our recommendations on a critical piece of the international agenda described in the Executive… Continue reading Open Letter to the Biden Administration