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The report finds that international public finance disproportionately supports natural gas over renewables in the Global South, creating risks of stranded assets and carbon lock-in. It argues that renewables are now cost-competitive for most gas uses and recommends that public financial institutions cease support for gas infrastructure to prioritize clean energy transitions.

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  • International public financing for gas projects in low- and middle-income countries is significantly higher than for other energy sources, averaging nearly 16 billion USD annually between 2017 and 2019, which is four times the amount provided for wind or solar energy.
  • Multilateral Development Banks (MDBs) continued to prioritize gas during the COVID-19 pandemic, with gas accounting for over 75% of MDB support for fossil fuels in 2020.
  • The concept of gas as a 'transition fuel' is considered obsolete due to the urgency of the climate crisis, the rapid cost decline of renewables and energy storage, and the discovery of significant methane leaks from gas infrastructure.
  • Investing in gas infrastructure risks creating 'stranded assets' and locking economies into high-carbon development paths, which may lead to higher energy costs and trade disadvantages as the global energy transition accelerates.
  • Renewable energy is now more cost-competitive than gas for most uses, including electricity production and clean cooking, while alternatives for hard-to-abate heavy industries are expected to be commercialized by the early 2030s.
  • In emerging economies, gas expansion often creates redundancies or economic instability: Argentina faces high debt and subsidies; Egypt's gas hub strategy depends on uncertain European demand; and India is building parallel gas and electric vehicle infrastructures despite high import costs.

Cite the original document

APA
Muttitt, G., Sharma, S., Mostafa, M., Kühne, K., Doukas, A., Gerasimchuk, I., & Roth, J. (2021). Sortons du gaz. International Institute for Sustainable Development. https://www.iisd.org/system/files/2021-06/natural-gas-finance-clean-alternatives-global-south-summary-fr.pdf
Chicago
Muttitt, Greg, Shruti Sharma, Mostafa Mostafa, Kjell Kühne, Alex Doukas, Ivetta Gerasimchuk, and Joachim Roth. Sortons du gaz. International Institute for Sustainable Development, 2021. https://www.iisd.org/system/files/2021-06/natural-gas-finance-clean-alternatives-global-south-summary-fr.pdf.
Wikipedia
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BibTeX
@techreport{muttitt2021sortons, author = {Muttitt, Greg and Sharma, Shruti and Mostafa, Mostafa and Kühne, Kjell and Doukas, Alex and Gerasimchuk, Ivetta and Roth, Joachim}, title = {{Sortons du gaz}}, institution = {International Institute for Sustainable Development}, year = {2021}, month = jun, url = {https://www.iisd.org/system/files/2021-06/natural-gas-finance-clean-alternatives-global-south-summary-fr.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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