How the UK and other top economies 'dramatically' cut public finance for overseas fossil fuels

Michael Holder
clock • 5 min read
Coal power station near Johannesburg, South Africa | Credit: iStock
Image:

Coal power station near Johannesburg, South Africa | Credit: iStock

Although IISD warns almost 40 governments and financial institutions signed up to Clean Energy Transition Partnership are still failing to ramp up overseas clean energy support

Almost 40 governments and financial institutions which in 2021 pledged to end international public financing for fossil fuels have together "dramatically" reduced their support for coal, gas and oil projects...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

'The route to making British people better off': Government unveils wide-ranging UK climate action plan

Government plots reforms to make it 'easier and cheaper' to charge EVs at home

More on Investment

NZAM investor group drops net zero target requirement as it eyes 'new chapter' in 2026
Investment

NZAM investor group drops net zero target requirement as it eyes 'new chapter' in 2026

Net Zero Asset Managers initiative waters down membership requirements as it announces plans to relaunch in early 2026

Stuart Stone
Stuart Stone
clock 30 October 2025 • 5 min read
The data gap holding back investment in resilience and nature
Investment

The data gap holding back investment in resilience and nature

Evidence overwhelmingly shows adaptation and nature matter financially - the challenge now is making these risks and opportunities calculable, comparable, and actionable, writes Robert Spacey Martin from LSE's Earth Capital Nexus

Robert Spacey Martin, LSE's Earth Capital Nexus
clock 29 October 2025 • 5 min read
Severn Trent launches fresh round of its nature protection funding for farmers
Investment

Severn Trent launches fresh round of its nature protection funding for farmers

Farmers invited to apply for Severn Trent's latest STEPS programme, according to the water supplier

Jane Thynne, Farmers Guardian
clock 29 October 2025 • 2 min read