In 2021 we’ll keep going after the money
Next year, the global 350.org community is doubling down on our goal to end fossil finance. In Europe, we’re keeping the spotlight on central banks. Here’s a look at how we responded to a campaign survey.
350.org
Let’s stop fossil fuel finance
Millions have mobilized to stop the climate crisis from getting worse. Now’s the time to follow the money and pressure all banks, insurers, and governments to stop funding fossil fuels.
Sign Up
End fossil fuel finance!
It’s simple — to prevent devastating climate breakdown, we have to end all finance to fossil fuels.
Public and private banks pour hundreds of billions of dollars each year into the climate-wrecking fossil fuel industry. We need to urgently work together to stop fossil fuel finance through sustained public organizing and people power.
Campaigns around the world
Oceania: Stop Adani
Adani’s Carmichael coal mine will unlock the Galilee Basin – one of the world’s largest untouched coal reserves – paving the way for at least eight more coal mines to be built. All at a time when scientists are warning we can’t build any more fossil fuel infrastructure if we want to avoid catastrophic global heating. Learn more and sign up to join the movement. Check out powerful campaigns in New Zealand, too, as they take on banks to go fossil free and major public funding institutions like the ACC to break free from fossil fuels.
Asia: Move the Money, Build the Future
Asia hosts 60% of the world’s population which represents the majority of the most vulnerable communities to the impacts of climate change and the COVID-19 pandemic. International financing institutions, multilateral development banks, and export credit agencies must come together and demand the end to fossil fuel finance, and chart a Just Recovery path where no one gets left behind. Wherever you are in the world, you can sign up to build pressure.
Europe: End Fossil Finance
Vast sums of money are flowing out of Europe to support fossil fuel projects in Asia, Africa and Latin America, trashing the environment and trampling on human rights. The profits flows back to Europe and into the pockets of millionaire executives and shareholders. This is what European colonialism looks like in the 21st century. It’s simple — to prevent devastating climate breakdown, we have to end all finance to fossil fuels. Learn more here.
Africa: Public Finance for Climate
Invest in the future, stop funding fossil fuels. South Africa needs to urgently do its part in tackling the climate crisis. The country’s Public Finance institutions, specifically the Development Bank of Southern Africa (DBSA) and Industrial Development Corporation (IDC) can be powerful forces in driving a just transition to renewable energy and away from fossil fuels. Unfortunately, they pour billions of Rands of public money into fossil fuel projects, which drive the climate crisis. Learn more and take action here.
Latest updates
Finance in Common 2020: Our Movement
The Finance in Common summit is over but our fight to end fossil finance is just a beginning. We will continue to put pressure on all public financial institutions until they stop financing dirty fossil fuels.
Hope and despair in the eye of Typhoon Ulysses
It is in these uncertain times that we are forced to contend with holding on to the contradicting feelings of despair and hope while we gather ourselves to persevere in this protracted uphill work for climate action that is grounded on science and justice.
Reports We Follow
RAN: Banking on Climate Change
This is the 11th edition of RAN and its partners' annual fossil fuel finance report, Banking on Climate Change 2020. The report lays out banks’ support for fossil fuels in the four years after the Paris Agreement was adopted, which alarmingly, is overall on the rise.
Urgewald: Global Coal Exit List 2020
Urgewald's Global Coal Exit List 2020 is a resource for investors and financial institutions that want to understand and manage climate risks in their portfolios.
Reclaim Finance: Make Money Work for Climate
Central banks can significantly influence how polluting and “green” activities are financed. They supervise the monetary and financial system and issue money, thus determining money availability and lending conditions. In times of crisis, central banks are lenders of last resort for institutions and governments. Learn more.
Useful Resources
If we can get enough finance institutions to turn their backs on dirty fossil fuel projects – we can free up that money to fund real renewable energy solutions that work for all. You can use the resources and toolkits below to help you get started and achieve meaningful change wherever you are.