PUBLIC ENEMIES: - ASSESSING MDB AND G20 INTERNATIONAL FINANCE INSTITUTIONS’ ENERGY FINANCE

For example, in the global flowing to upper- and middle- of the G20 countries covered in this LNG boom from 2012 to 2022, income countries and communities report are wealthy and most responsible G20 international public finance rather than the most impacted for historic and current emissions. [...] The G7 and Figure 1: Annual G20 country and MDB international public finance for Korea’s fossil finance fossil fuel, clean, and other energy, 2013–2022, in USD billions made up 76% of all the G20 and MDBs’ 180 international direct 160 fossil fuel finance between 2020 and 2022. [...] 12 | OVERALL TRENDS IN INTERNATIONAL PUBLIC FINANCE FOR ENERGY USD Billions ʊ As Figure 2 illustrates, the largest and gas supply chain and therefore ʊ Clean energy finance increased share (46%) of G20 and MDB the hardest for the private sector from an annual average of $27 fossil finance between 2020 to build alone.38 In the same billion from 2017 to 2019 to and 2022 supp. [...] finance, and have pledged to release a plan by the third quarter of 2024.47 With the passing of the end of the 2022 deadline, eight out of the sixteen CETP signatories with significant There have also been promising developments to amounts of international energy finance have policies extend these eorts to restrict fossil fuel finance that end fossil fuel support. [...] “voice and vote” at multilateral supporting rather than blocking financial institutions to retool the development of the UN Tax To secure the quality and quantity them to be fossil free, rights-based, Convention and a new multilateral of public finance needed for people-centered, democratic, mechanism for sovereign debt a just energy transition, G20 eective, accountable, and cancellation and worko.