Putting Promises Into Practice: Clean Energy Transition Partnership signatories' progress on implementing clean energy commitments

This report finds that while CETP signatories have successfully restricted fossil fuel finance, they have failed to fully prioritize clean energy finance. Despite a potential for USD 28 billion in annual shifts, only USD 5.2 billion was moved into clean energy in the first year. The report notes that no high-income signatories have published fully aligned policies and recommends the adoption of quantitative targets and grant-based instruments to support a just energy transition.

• CETP signatories have made significant progress in restricting international fossil fuel finance, but have not yet fully realized the potential to shift that finance toward clean energy. In the first year of implementation, signatories moved USD 6.5 billion out of fossil fuels and USD 5.2 billion into clean energy relative to the previous three-year annual average, which is small compared to a potential annual shift of USD 28 billion above existing levels.
• Between 2020 and 2022, the largest providers of international public finance for clean energy were the European Investment Bank (averaging USD 12 billion per year), Sweden (USD 3.4 billion), France (USD 2.6 billion), Germany (USD 2.5 billion), and Denmark (USD 2.2 billion).
• No high-income signatories have published policies aligned with the CETP that "fully prioritize" international public finance for clean energy. Common gaps in existing policies include a lack of provisions for fair and transformative practices, such as geographical prioritization for the most needy countries or the use of grant-based and highly concessional instruments.
• The report recommends that high-income signatories update and publish policies to scale up public finance for clean energy. These policies should include quantitative targets, prioritize the most needy recipients and transformative sub-sectors, increase grant-based instruments, support a just energy transition, and implement strong human rights and environmental safeguards.

APA

Mun,, N. J. (2023). Putting Promises Into Practice: Clean Energy Transition Partnership signatories' progress on implementing clean energy commitments. International Institute for Sustainable Development. https://www.iisd.org/publications/report/putting-promises-into-practice-cetp-commitments

Chicago

Mun,, Natalie Jones,Bokyong. Putting Promises Into Practice: Clean Energy Transition Partnership signatories' progress on implementing clean energy commitments. International Institute for Sustainable Development, 2023. https://www.iisd.org/publications/report/putting-promises-into-practice-cetp-commitments.

Wikipedia

{{cite report |last1=Mun, |first1=Natalie Jones,Bokyong |title=Putting Promises Into Practice: Clean Energy Transition Partnership signatories' progress on implementing clean energy commitments |publisher=International Institute for Sustainable Development |date=28 November 2023 |url=https://www.iisd.org/publications/report/putting-promises-into-practice-cetp-commitments |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{mun2023putting, author = {Mun,, Natalie Jones,Bokyong}, title = {{Putting Promises Into Practice: Clean Energy Transition Partnership signatories' progress on implementing clean energy commitments}}, institution = {International Institute for Sustainable Development}, year = {2023}, month = nov, url = {https://www.iisd.org/publications/report/putting-promises-into-practice-cetp-commitments}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }