Talk is Cheap: How G20 Governments are Financing Climate Disaster (Oil Change International)
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This report by Oil Change International details public support for energy projects from G20 public finance institutions (such as overseas development aid agencies and export credit agencies) and multilateral development banks. It finds that just 15 per cent of this energy finance supports clean energy, while billions of dollars are directed to oil, gas, and coal producers annually. In total, public financing for fossil fuels from G20 countries average US$71.8 billion per year, reaching a total of US$215.3 billion over 2013-2015. The report specifically considers the provision of grants, equity, loans, guarantees and insurance by majority government-owned institutions for energy projects to present a detailed picture of public finance for all energy — clean, fossil fuel, or otherwise. The report is available to download on the Oil Change International website.