China’s 2021 “international coal-exit’’ pledge: a transparency problem

Download briefing as pdf here March 2022 China’s pledge to stop building new coal-fired power plants abroad, announced during the UN General Assembly in September 2021 – and reiterated during a EU-China dialogue on climate in October 2021 – was met with enthusiasm. Yet, half a year later, little is known about the extent of… Continue reading China’s 2021 “international coal-exit’’ pledge: a transparency problem

92 civil society organizations call on financial institutions to avoid taxonomy-aligned greenwashing

March 10, 2022 Paris, March 10th, 2022 – A month after the European Commission approved the inclusion of fossil gas and nuclear energy into the EU taxonomy, 92 NGOs and CSOs call on financial institutions to reject this greenwashing attempt by excluding both energies from their “sustainable” or “green” funds and bonds. This open letter… Continue reading 92 civil society organizations call on financial institutions to avoid taxonomy-aligned greenwashing

CSOs welcome political commitment to end international oil, gas, and coal finance by end of 2022, say others need to follow suit

Glasgow, 4 November 2021 – Today at COP26, more than 20 countries and institutions, including the United States, Canada, Mali and Costa Rica, launched a joint statement committing to end direct international public finance for unabated coal, oil and gas by the end of 2022 and prioritize clean energy finance. After a wave of commitments… Continue reading CSOs welcome political commitment to end international oil, gas, and coal finance by end of 2022, say others need to follow suit

200+ CSOs call on world leaders to end public finance for fossil fuels in 2021

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

Denmark plans to phase-out fossil fuel support for export credits – whilst carbon intensive projects continue

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