Cleaning Up Their Act? G7 fossil fuel investments in a time of green recovery

This report by the International Institute for Sustainable Development analyzes 517 energy-related policies approved by G7 nations and invited guests between January 1, 2020, and March 3, 2021. It evaluates whether COVID-19 recovery spending aligns with climate goals and 'build back better' pledges.

• Between January 2020 and March 2021, G7 nations allocated more financial support to fossil fuels than to clean energy, with coal, oil, and gas receiving US$189 billion compared to $147 billion for clean energy.
• The majority of funding for fossil fuels lacked climate-related conditions, with over 80% of these commitments benefiting fossil-fuel intensive activities without requiring pollution reductions or climate targets.
• Investment in the cleanest energy measures, such as energy efficiency and renewables, accounted for only 10% of the funds committed to the COVID-19 response.
• The report recommends that G7 nations adopt a 'do-no-harm' principle to end fossil fuel production support, increase green policy spending to at least 40% of total COVID-19 recovery funds (up from 22%), and double climate finance pledges to assist low- and middle-income countries.

APA

Beedell,, L. D. M. P. (2021). Cleaning Up Their Act? G7 fossil fuel investments in a time of green recovery. International Institute for Sustainable Development. https://www.iisd.org/publications/cleaning-up-g7-fossil-fuel-investments-green-recovery

Chicago

Beedell,, Lucile Dufour,Tom Moerenhout,Angela Picciariello,Estan. Cleaning Up Their Act? G7 fossil fuel investments in a time of green recovery. International Institute for Sustainable Development, 2021. https://www.iisd.org/publications/cleaning-up-g7-fossil-fuel-investments-green-recovery.

Wikipedia

{{cite report |last1=Beedell, |first1=Lucile Dufour,Tom Moerenhout,Angela Picciariello,Estan |title=Cleaning Up Their Act? G7 fossil fuel investments in a time of green recovery |publisher=International Institute for Sustainable Development |date=2 June 2021 |url=https://www.iisd.org/publications/cleaning-up-g7-fossil-fuel-investments-green-recovery |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{beedell2021cleaning, author = {Beedell,, Lucile Dufour,Tom Moerenhout,Angela Picciariello,Estan}, title = {{Cleaning Up Their Act? G7 fossil fuel investments in a time of green recovery}}, institution = {International Institute for Sustainable Development}, year = {2021}, month = jun, url = {https://www.iisd.org/publications/cleaning-up-g7-fossil-fuel-investments-green-recovery}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }