2021 Must Mark the End of International Support to Coal, Oil, and Gas

Over 200 civil society organizations are urging world leaders to stop international public finance for fossil fuels, noting that G20 members provide USD 77 billion annually to fossil fuels compared to USD 28 billion for clean energy. The statement calls for an immediate end to support for the entire fossil fuel value chain, the closure of financial loopholes, and increased climate finance for low-income countries in the Global South to ensure a just energy transition ahead of COP 26.

• G20 nations provide significantly more public funding to fossil fuels than to clean energy, with annual support for fossil fuels at USD 77 billion compared to USD 28 billion for clean energy.
• The United Kingdom became the first major economy in March 2021 to announce an immediate end to trade and development support for coal, oil, and gas.
• New investments in oil and gas risk creating stranded assets and locking in outdated infrastructure in the Global South, where wind and solar are increasingly cost-competitive alternatives for energy access.
• The signatory organizations demand that governments and public finance institutions immediately stop all new international public finance for the entire fossil fuel value chain, including extraction, transport, distribution, and power generation, while avoiding loopholes involving technical assistance or financial intermediaries.
• The statement advocates for increased bilateral and multilateral climate finance to support renewable energy and a just transition in the Global South, specifically prioritizing low-income countries through grant-based finance and debt relief.

APA

International Institute for Sustainable Development (2021). 2021 Must Mark the End of International Support to Coal, Oil, and Gas. https://www.iisd.org/articles/statement-2021-end-international-support-coal-oil-gas

Chicago

International Institute for Sustainable Development. 2021 Must Mark the End of International Support to Coal, Oil, and Gas. 2021. https://www.iisd.org/articles/statement-2021-end-international-support-coal-oil-gas.

Wikipedia

{{cite press release |author=International Institute for Sustainable Development |title=2021 Must Mark the End of International Support to Coal, Oil, and Gas |date=22 September 2021 |url=https://www.iisd.org/articles/statement-2021-end-international-support-coal-oil-gas |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{internationalinstituteforsustainabledevelopment20212021, author = {{International Institute for Sustainable Development}}, title = {{2021 Must Mark the End of International Support to Coal, Oil, and Gas}}, publisher = {International Institute for Sustainable Development}, year = {2021}, month = sep, url = {https://www.iisd.org/articles/statement-2021-end-international-support-coal-oil-gas}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }