More than 200 NGOs call to end international public finance for coal, oil and gas

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 from over 40 countries have released a statement calling on world leaders to end international public finance for coal, oil and gas.

You can read the full statement here.

Stephanie Draper, CEO of Bond the UK network for organisations working in international development said:

“Climate change is exacerbating inequality and pushing millions into poverty worldwide. It is crucial that governments and the UK presidency show the level of ambition and action needed in the run up to COP26 to limit temperature rises to 1.5C. Bond welcomes the commitment from the UK government to phase out international public finance for fossil fuels.

“We join with others to call for a joint commitment from governments and public finance institutions to immediately rule out any new international public finance to coal, oil and gas projects without exception. We also call for a ramping up of financial support for renewable energy to enable a just transition across low-income countries.”

ENDS

Bond is the UK network for organisations working in international development. Bond unites and supports a diverse network of over 400 civil society organisations from across the UK, and allies to help eradicate global poverty, inequality and injustice.
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