Clean Energy Transition Partnership

A coalition of civil society organizations urges CETP signatories to bridge the gap between fossil fuel divestment and clean energy investment. While signatories shifted an estimated USD 6.5 billion away from fossil fuels in the first year, clean energy financing increased by only USD 5.2 billion. The statement demands that signatories set targets to match these levels by 2024, prioritize low-income countries and small island developing states, and ensure financing is rights-based and community-led.

• In the first year of implementation, CETP signatories shifted an estimated USD 6.5 billion away from fossil fuels.
• Clean energy financing increased by USD 5.2 billion in 2022 compared to 2019-2021 levels, which is less than the amount removed from fossil fuel financing and below the potential annual shift of USD 28 billion.
• The increase in clean energy financing in 2022 was driven by a small number of signatories, while many others actually reduced their international public finance for clean energy.
• No signatory currently possesses a policy or strategy fully aligned with the CETP's clean energy commitment, with a specific lack of concrete targets for scaling finance and provisions for transformative financing.

APA

International Institute for Sustainable Development (2023). Clean Energy Transition Partnership. https://www.iisd.org/system/files/2023-12/statement-on-cetp-signatories-commitment.pdf

Chicago

International Institute for Sustainable Development. Clean Energy Transition Partnership. 2023. https://www.iisd.org/system/files/2023-12/statement-on-cetp-signatories-commitment.pdf.

Wikipedia

{{cite press release |author=International Institute for Sustainable Development |title=Clean Energy Transition Partnership |date=5 December 2023 |url=https://www.iisd.org/system/files/2023-12/statement-on-cetp-signatories-commitment.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{internationalinstituteforsustainabledevelopment2023clean, author = {{International Institute for Sustainable Development}}, title = {{Clean Energy Transition Partnership}}, publisher = {International Institute for Sustainable Development}, year = {2023}, month = dec, url = {https://www.iisd.org/system/files/2023-12/statement-on-cetp-signatories-commitment.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }