This report analyzes the progress made by Clean Energy Transition Partnership (CETP) signatories on shifting international public finance away from fossil fuels and into clean energy. It finds that although significant progress has been made on cutting finance for fossil fuels, signatories are not increasing renewable investment at the same scale.
Authors
Natalie Jones, Claire O'Manique, Adam McGibbon, Kate DeAngelis
Related Organizations
- Pages
- 51
- Published in
- Canada
- Rights
- IISD, 2024
Table of Contents
- Table ES1. Summary assessment of publicly available fossil fuel policies in 18 high-income signatories of the CETP and the European Investment Bank (EIB), as of July 2024 4
- Table ES2. Summary assessment of publicly available clean energy policies in 18 high-income signatories of the CETP and the EIB, as of July 2024 5
- Table 1. Summary assessment of publicly available fossil fuel policies in 18 high-income signatories of the CETP and the EIB, as of July 2024 21
- Table 2. Summary assessment of publicly available clean energy policies and strategies in 18 high-income signatories of the CETP and the EIB, as of July 2024 24
- Table B1. Fossil fuel policy assessment framework 34
- Table C1. Fossil fuel policies in DFIs 35
- Table C2. Fossil fuel policies in export credit agencies 42
- Box 1. Violations of the CETP commitment 16
- Box 2. Norway and Australia 18
- Figure ES1. CETP signatories’ international energy financing for clean energy, fossil fuels, and other energy (2018–2023) 3
- Figure 1. CETP signatories’ energy financing for clean energy, fossil fuels, and other energy (2018–2023) 12
- Figure 2. CETP Signatories’ international energy financing, 2023 versus 2019–2021 annual average 14
- Figure 3. Change in CETP signatories’ international public finance for clean energy and for fossil fuels, 2023 relative to 2019–2021 annual average 15
- Figure 4. Fossil fuel financing by original CETP signatories after the implementation deadline, 2023–July 2024 17
- Figure 5. Top 20 countries receiving international public finance for clean energy, 2019–2021 average and 2023 18
- Figure 6. Australia’s energy financing, 2018–2023 19
- Figure 7. Norway’s fossil fuel financing, 2021–2023 19
- 1.0 Introduction 10
- 1.1 The Clean Energy Transition Partnership 10
- 1.2 Aims and Structure of the Report 11
- 2.0 Trends in CETP Signatories’ Support for Energy 12
- 3.0 Progress on Policies to End International Public Support for Fossil Fuels 20
- 4.0 Progress on Policies to Prioritize International Public Support for Clean Energy 23
- 5.0 Conclusion and Recommendations 26
- References 28
- Appendix A. Methodology 32
- Appendix B. Policy Assessment Framework 34
- Appendix C. Fossil Fuel Exclusion Policy Analysis 35
