EMEA > Africa > International alliance drives steep fossil finance cuts, but clean energy push remains slow -report

International alliance drives steep fossil finance cuts, but clean energy push remains slow -report

Published 13:18 on September 30, 2025 / Last updated at 13:18 on September 30, 2025 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Pacific), EMEA (Africa, Europe, Middle East), Net Zero Transition (Investment, Reporting & Disclosure, Power/Electrification)

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International public finance for fossil fuels from members of a climate alliance fell by up to 78% in 2024 compared with pre-pledge levels, though only a fraction of the freed-up funds has so far been redirected to clean energy, a report published Tuesday has found.
International public finance for fossil fuels from members of a climate alliance fell by up to 78% in 2024 compared with pre-pledge levels, though only a fraction of the freed-up funds has so far been redirected to clean energy, a report published Tuesday has found.


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