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

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. [...] When for loss and damage.40 At the same Canada’s ECA, Export Development we compare the public finance for time, international public finance Canada (EDC), puts the majority fossil fuels by the richest countries to institutions of Annex 1 countries of their fossil fuel finance toward their pledges to the Loss and Damage spent a combined $24 billion annually domestic projects. [...] fossil fuels.44 OCI tracking of CETP violations have found 16 | BIL ATERAL PUBLIC FINANCE FOR ENERGY BY COUNTRY TOP RECIPIENT COUNTRIES OF PUBLIC ENERGY FINANCE The largest recipients of G20 and MDB Overall we find: ʊ The greatest shares of clean international energy finance – whether ʊ The top four recipients of fossil energy public finance also fossil fuel or clean – are not the world’s fuel fin. [...] “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 effective, accountable, and cancellation and wor.