A new online tool launched Wednesday by a U.S.-based advocacy group details how international public finance is continuing to fuel the climate emergency rather than sufficiently funding a just transition to clean energy.”Between 2018 and 2020, G20 international public finance institutions provided at least $63 billion per year ($188 billion in total) for oil, gas, and coal projects.”Oil Change International (OCI) unveiled its Public Finance for Energy Database—accessible at energyfinance.org—along with a briefing that lays out key findings, why the group is monitoring public finance for energy, and how these institutions “are uniquely positioned to catalyze a just, transformative, and rapid transition.”The open-access tool targets development finance institutions (DFIs), export finance agencies (ECAs), and multilateral development banks (MDBs), focusing on Group of 20 (G20)…
Database Shows Rich Governments Funding Fossil Fuels Over Clean Energy
