Advancing a Fair and Funded Transition Away from Fossil Fuels

This briefing by the International Institute for Sustainable Development provides policy recommendations for negotiators at SB 62 and COP 30 to operationalize the commitment to transition away from fossil fuels, focusing on differentiated phase-out timelines, the cessation of public financing for fossil fuels, and the establishment of a just transition finance mechanism.

• The briefing recommends that COP 30 adopt a decision establishing differentiated timelines for phasing out fossil fuel production and use, accounting for countries' historical responsibility, capacities, and wealth. This should include an end to new coal mines, oil and gas fields, and fossil fuel exploration.
• The document calls for a declaration from leading governments and heads of state to reiterate the commitment to transition away from fossil fuels, specifically acknowledging that this requires an immediate stop to new expansion.
• Regarding financing, the briefing suggests a decision on Article 2.1(c) that urges Parties to stop domestic and international public financing for fossil fuels, as well as financing for the capital expenditure of energy-related state-owned enterprises. It further recommends phasing out fossil fuel subsidies that do not address just transition or energy poverty, with developed countries leading the submission of national action plans.
• The briefing proposes the launch of the Belém Action Mechanism for Just Transition at COP 30 to coordinate just transition finance actors and direct climate finance toward just transition policies.
• The Baku to Belém Roadmap to 1.3T should explicitly exclude carbon credits, false solutions, and fossil fuels from what is considered climate finance. It should prioritize highly concessional public finance and grants, and suggest ways to increase fiscal space, such as through fossil fuel subsidy reform.

APA

Khalil,, N. J. V. D. B. I. T. D. (2025). Advancing a Fair and Funded Transition Away from Fossil Fuels. International Institute for Sustainable Development. https://www.iisd.org/publications/brief/advancing-fair-funded-transition-fossil-fuels

Chicago

Khalil,, Natalie Jones,Laurie van der Burg,Romain Ioualalen,Bronwen Tucker,Myriam Douo,Shady. Advancing a Fair and Funded Transition Away from Fossil Fuels. International Institute for Sustainable Development, 2025. https://www.iisd.org/publications/brief/advancing-fair-funded-transition-fossil-fuels.

Wikipedia

{{cite report |last1=Khalil, |first1=Natalie Jones,Laurie van der Burg,Romain Ioualalen,Bronwen Tucker,Myriam Douo,Shady |title=Advancing a Fair and Funded Transition Away from Fossil Fuels |publisher=International Institute for Sustainable Development |date=13 June 2025 |url=https://www.iisd.org/publications/brief/advancing-fair-funded-transition-fossil-fuels |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{khalil2025advancing, author = {Khalil,, Natalie Jones,Laurie van der Burg,Romain Ioualalen,Bronwen Tucker,Myriam Douo,Shady}, title = {{Advancing a Fair and Funded Transition Away from Fossil Fuels}}, institution = {International Institute for Sustainable Development}, year = {2025}, month = jun, url = {https://www.iisd.org/publications/brief/advancing-fair-funded-transition-fossil-fuels}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }