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

The report finds that while CETP signatories have made progress in restricting fossil fuel finance, they have not yet fully prioritized clean energy support. In the first year of implementation, signatories moved USD 6.5 billion out of fossil fuels and USD 5.2 billion into clean energy, which is significantly lower than the estimated annual potential of USD 28 billion. The analysis reveals that most high-income signatories lack CETP-aligned policies that fully prioritize clean energy, and there is a widespread lack of provisions for fair and transformative financing, such as grant-based instruments for the countries most in need.

• CETP signatories have not fully realized the potential to shift international public finance to clean energy. In the first year of implementation, signatories moved USD 6.5 billion away from fossil fuels and USD 5.2 billion into clean energy relative to the previous three-year annual average, whereas the potential for shifting finance to clean energy is estimated at USD 28 billion annually above existing levels.
• The highest levels of international public finance for clean energy between 2020 and 2022 were provided by 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.
• Current clean energy financing policies generally lack provisions for fair and transformative practices, specifically regarding the use of grant-based or highly concessional instruments and the geographical prioritization of the most needy countries.

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} }