People around the world are calling on governments to shift to renewable energy sources by means of a just transition. This includes local ownership of renewable energy projects, the creation of local jobs and access to energy for all.
Fossil fuel support from ECAs disproportionately benefits corporations based in the Global North and impedes a just energy transition in the Global South. Fossil fuel development is increasingly concentrated in the Global South, as are the associated harms to local people and their environment. New oil, gas and coal projects economies despite many of these countries having excellent potential for growth in renewable energy. lock in fossil fuel dependence for these countries’
Learn more: A Just Energy Transition for Africa (2020)