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

The statement argues that international public finance must shift from fossil fuels to clean energy to meet climate goals. It highlights that G20 members provide significantly more public finance to fossil fuels than to clean energy and calls for an immediate end to all new international public finance for fossil fuel projects across the entire value chain. The document urges governments and financial institutions to avoid loopholes, increase climate finance for the Global South, and prioritize low-income countries through debt relief and grant-based finance, specifically calling for a joint statement and leadership from the United Kingdom ahead of COP 26.

• G20 members provide substantially more public funding to fossil fuels than to clean energy, with annual public finance for fossil fuels reaching 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• New support for oil and gas risks creating stranded assets and locking in outdated infrastructure in the Global South, where wind and solar are increasingly cost-competitive alternatives for electricity and cooking needs.
• The signatories demand that governments and public finance institutions immediately rule out new international public finance for coal, oil, and gas across the entire value chain, including extraction, transport, distribution, and power generation.

APA

International Institute for Sustainable Development (2021). 2021 Must Mark the End of International Support to Coal, Oil, and Gas. https://www.iisd.org/system/files/2021-09/cso-statement-ending-international-public-finance-fossil-fuels.pdf

Chicago

International Institute for Sustainable Development. 2021 Must Mark the End of International Support to Coal, Oil, and Gas. 2021. https://www.iisd.org/system/files/2021-09/cso-statement-ending-international-public-finance-fossil-fuels.pdf.

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=2021 |url=https://www.iisd.org/system/files/2021-09/cso-statement-ending-international-public-finance-fossil-fuels.pdf |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}, url = {https://www.iisd.org/system/files/2021-09/cso-statement-ending-international-public-finance-fossil-fuels.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }