Clean Energy Transition Partnership

A statement from civil society organizations and expert groups, including the International Institute for Sustainable Development (IISD), addressing signatories of the Clean Energy Transition Partnership (CETP). The document evaluates the progress of the commitment to align international public finance with a 1.5°C warming limit and calls for increased, targeted, and transparent clean energy financing starting in 2024.

• The Clean Energy Transition Partnership (CETP), signed at COP 26, committed signatories to end new direct public support for the international unabated fossil fuel energy sector by the end of 2022 to align with a 1.5°C warming limit.
• In the first year of implementation, CETP signatories shifted an estimated USD 6.5 billion away from fossil fuels, though the overall increase in clean energy financing was driven by only a small number of signatories.
• IISD research indicates that in 2022, clean energy financing by CETP signatories increased by USD 5.2 billion over 2019-2021 levels, which is less than the USD 6.5 billion cut in fossil fuel financing and below the potential for an annual shift of USD 28 billion.
• The document notes a lack of policy alignment with the CETP clean energy commitment, specifically citing missing concrete targets for scaling up finance and a lack of provisions for fair and transformative financing.
• The signatories are urged to take five specific actions in 2024: set targets to increase public support for clean energy (matching the amount removed from fossil fuel support by the end of 2024), direct support to enabling subsectors like smart grids and storage, ensure financing is rights-based and community-led, update national policies, and report progress annually.

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} }