Turning Pledges Into Action

The report analyzes the progress of 39 governments and public finance institutions that signed the Glasgow Statement to end international public finance for fossil fuels. It finds that while USD 28 billion per year could be redirected toward a clean energy transition, most signatories have not yet published aligned policies. The document highlights best practices from countries like Denmark and the UK, and examines the impact on low- and middle-income countries through case studies on Ethiopia and Sri Lanka.

• The Glasgow Statement has the potential to redirect USD 28 billion of international public finance from fossil fuels to a clean and just energy transition annually.
• Implementation is lagging, as most signatories have not publicized policies aligned with the Glasgow Statement, with export credit agencies' policies being particularly outdated.
• Primary risks to implementation include the creation of large exemptions for gas support and a lack of concrete strategies to increase support for transformative clean energy.
• Robust policies for excluding international public finance for fossil fuels are already established in Denmark, the United Kingdom, and within institutions such as the European Investment Bank, the French Development Agency, Swedfund, and Financierings-Maatschappij voor Ontwikkelingslanden.
• Case studies on Ethiopia and Sri Lanka demonstrate that the Glasgow Statement can help low- and middle-income countries avoid fossil fuel lock-in and accelerate a just energy transition.

APA

Geddes,, L. D. T. V. D. B. H. (2022). Turning Pledges Into Action. International Institute for Sustainable Development. https://www.iisd.org/publications/report/turning-glasgow-statement-into-action

Chicago

Geddes,, Lucile Dufour,Bronwen Tucker,Laurie van der Burg,Murtiani Hendriwardani,Anna. Turning Pledges Into Action. International Institute for Sustainable Development, 2022. https://www.iisd.org/publications/report/turning-glasgow-statement-into-action.

Wikipedia

{{cite report |last1=Geddes, |first1=Lucile Dufour,Bronwen Tucker,Laurie van der Burg,Murtiani Hendriwardani,Anna |title=Turning Pledges Into Action |publisher=International Institute for Sustainable Development |date=29 June 2022 |url=https://www.iisd.org/publications/report/turning-glasgow-statement-into-action |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{geddes2022turning, author = {Geddes,, Lucile Dufour,Bronwen Tucker,Laurie van der Burg,Murtiani Hendriwardani,Anna}, title = {{Turning Pledges Into Action}}, institution = {International Institute for Sustainable Development}, year = {2022}, month = jun, url = {https://www.iisd.org/publications/report/turning-glasgow-statement-into-action}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }