Acting on the Glasgow Statement: Shifting international public finance from fossil fuels to clean energy
At COP 26, 39 governments and public finance institutions committed to ending all new support for unabated coal, oil, and gas by the end of 2022, signing the Statement on International Public Support for the Clean Energy Transition (the "Glasgow Statement"). Given the war in Ukraine and the compounding energy price, debt, and climate crises, countries must prioritize public finance for energy efficiency and clean energy now more than ever.
With only 5 months left before the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 27), there is an urgent need for signatories to the Glasgow Statement to deliver on their pledges. However, an upcoming report by IISD, Oil Change International, and Tearfund shows that most signatories have yet to adopt new fossil fuel exclusion policies and strategies to prioritize clean energy finance that match the ambition of the Glasgow Statement.
This virtual London Climate Action Week event will provide a first look at the findings of this new report, zeroing in on three critical and timely questions:
- What is the Glasgow Statement's potential impact, if fully implemented?
- What existing best practices can signatories follow?
- How can signatories ensure that the implementation of the statement is strong enough to realize its full potential?
Panellists from government and civil society will share their experiences implementing the Glasgow Statement and reflect on how it can facilitate a clean and just energy transition in low- and middle-income countries.
Agenda
Introduction
Moderator: Chloé Farand, Senior Reporter and Investigation Lead, Climate Home News
Presentation of Report Findings
Lucile Dufour, Senior Policy Advisor, IISD
Laurie van der Burg, Co-lead, Global Public Finance, Oil Change International
Panel Discussion
- John Murton, UK COP26 Climate Envoy
- Jorim Schraven, Director, Impact and Environmental, Social, and Governance Department, FMO: Dutch Entrepreneurial Development Bank
- Vivienne Yeda, Director-General, East African Development Bank
- Promise Salawu, Project Officer, Renew our World, Tearfund