To: João Gomes Cravinho, Ministro dos Negócios Estrangeiros

We welcome the momentum this joint statement has generated and particularly the clear, near- term deadline of the end of 2022 for ending international public finance for unabated oil, gas and coal projects. [...] To be equitable, this shift must be accompanied with exponential increases in clean energy support to the most vulnerable countries — compared to the majority of international public finance for energy that currently flows between wealthy countries.3 However, for the Statement to have this potential impact, Portugal must implement its commitments under the Glasgow statement with integrity and enco. [...] To meet its Glasgow Statement commitments, we urge Portugal to complete the following steps by the end of this year and to regularly report on the progress it is making on this agenda: • Define the term “unabated” to avoid any misuse or continued support for fossil fuels. [...] Some of the largest providers of public finance for fossil fuels (Japan, Korea, China, and Australia) and most MDBs have not yet signed the statement, though signatories together account for a significant share of the votes at the MDBs. [...] • Cement the commitments made in the statement in existing international policy processes including at the MDBs, in the G7, G20 and the OECD.