Canada, Other Countries Urged to End Fossil Financing, Shift $28B Per Year to Clean Energy
A COP 27 event marked the Glasgow Statement’s one-year anniversary by urging Germany, Italy, Canada, and the United States to live up to climate promises that could shift US$28 billion per year from fossil fuels to clean energy.
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Signatories of the Clean Energy Transition Partnership have cut their international public finance for fossil fuels dramatically since signing the agreement but are underdelivering on the clean finance pledge.
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Around 40 climate leaders and ministers are meeting in Copenhagen from March 21 to 22 to discuss priorities for COP 29.