Leaders are cutting fossil fuel finance–next comes unlocking clean energy for all
While international public finance for coal, oil, and gas has fallen by two-thirds, little of that money has gone to boost green energy in poorer countries, writes IISD's Natalie Jones.
Participating experts
You might also be interested in
Ending Export Credits for Oil and Gas: How OECD countries can end 2024 with a climate win
For a year now, Organisation of Petroleum Exporting Countries (OECD) governments have been negotiating an agreement that could put an end to oil and gas export finance. Following the acrimony in Baku, this would be a very real way for the OECD to show policy coherence, respond to calls from the poorest countries to stop subsidizing fossil fuels, and shift public finance to solutions.
Fossil Fuel Production, Renewable Energy, and Subsidy Reform in Nationally Determined Contributions 3.0
This policy brief provides an analysis of the critical benchmarks and recommendations necessary for aligning nationally determined contributions (NDCs) with the 1.5 °C target.
An OECD Deal on Ending Oil and Gas Export Credits Is Urgently Needed. Here’s What it Could Look Like.
The European Union, the United Kingdom, and Canada have introduced a proposal to end oil and gas financing by export credit agencies at the OECD. Pressure is building to reach a deal by the end of 2024.
Powering the Clean Energy Transition: Net-Zero electricity in Canada
This brief explains how a shift to clean power generation can offer affordable, reliable electricity, benefiting households and businesses alike.