According to the IEA’s Net Zero Emissions scenario, unabated gas-fired generation must start to decline in the late-2020s. Governments, multilateral and private financial institutions must step up to phase out financing, especially for overseas gas.
GLASGOW, SCOTLAND – The United States, Canada, United Kingdom and Italy are among 20 countries that committed at the COP26 climate summit today to end overseas public financing for fossil fuel projects by the end of next year, steering spending…
China’s new announcement has the potential to help promote a clean energy revolution around the world by sending an important signal that China will immediately shift its support for overseas coal power plant projects to work with developing countries to…
Expert BlogUnited States, BrazilJake Schmidt, Han Chen
This is a clear signal the United States will move away from financing coal, oil and gas projects overseas. Now is the time to make sure the details deliver on that necessary drive to urgently shift public financing from dirty…
To rapidly transition to a clean energy economy, we need to take back trillions in government subsidies and other giveaways that boost the oil, gas, and coal industries.
Expert BlogBrazil, United StatesHan Chen, Jessica Carey-Webb
Beyond jeopardizing the energy transition and crowding out renewable energy development in Brazil, the recent introduction of LNG in the Brazilian energy mix will create unnecessary technological lock-in. The U.S. should both discourage these developments and support the deployment of…
NRDC and hundreds of other organizations around the world have just submitted a letter calling on the Biden Administration to immediately end all US public financing for fossil fuels, including “natural” gas.
The Paris Agreement charted a new course in the effort to combat global climate change, requiring countries to make commitments and progressively strengthen them. Here’s what the accord seeks to achieve, and why our future may depend on its success.
President Biden’s Executive Order put a spotlight on the need to end US support and financing for fossil fuels abroad. Here are my thoughts on how the Biden-Harris Administration can move forward quickly to adopt an ambitious climate finance plan…
