12 Projects That Undermine the One Planet Summit and Put the Climate at Risk
As world leaders and global financial institutions gather for the One Planet Summit on Dec. 12 in Paris, civil society groups have come together under the Big Shift Global campaign to underscore the massive finance gap remaining to shift away from fossil fuels and toward clean energy, in line with the aim of the Paris agreement on climate change to limit warming to below 1.5°C.
Monday, these groups released a briefing titled Dirty Dozen: How Public Finance Drives the Climate Crisis through Oil, Gas, and Coal Expansion, highlighting fossil fuel projects by the World Bank Group, other multilateral and national development banks and export credit agencies. These projects are examples that demonstrate how public finance is still acting as a critical lifeline for destructive fossil fuel projects, many of which could not otherwise be built, and how this support continues to this day, a full year after the Paris agreement entered into force.
On average, public finance institutions controlled by G20 governments, along with multilateral development banks such as the World Bank Group, provide $71.8 billion per year in public finance for fossil fuels, and only $18.7 billion in public finance for clean energy (figure taken from from the report Talk is Cheap: How G20 Governments are Financing Climate Disaster, July 2017).
"It's been over a year since the Paris agreement on climate change entered into force, and two years since it was agreed—yet our governments still provide billions more in public finance for fossil fuels than for clean energy," said Alex Doukas, director of the Stop Funding Fossils Program at Oil Change International. "This briefing highlights some of the most egregious fossil fuel projects receiving government financing, including exploration for more oil and gas that can never be burned if we have any hope of limiting the damage from climate change."
Accompanying the briefing, more than 175 civil society groups from over 55 countries have signed a letter urging multilateral development banks (such as the World Bank Group), export credit agencies, and the governments backing them to stop funding fossil fuels by 2020, with an urgent and immediate need to move away from financing for oil and gas exploration projects, coal mining and coal-fired power plants.
The Dirty Dozen briefing presents a wide spectrum of dirty projects, ranging from the Southern Gas Corridor (SGC) project running from Azerbaijan to Italy (the European Investment Bank will consider a proposed 1.5 billion EUR loan for the Trans-Adriatic Pipeline, the final leg of the SGC, at its Dec. 11-12 board meeting), to the 1,000-MW Cirebon 2 coal plant in Indonesia. The World Bank Group, European Investment Bank, European Bank for Reconstruction and Development, Asian Development Bank and Asian Infrastructure Investment Bank together have offered $8.07 billion to the SGC in approved and proposed loans and guarantees out $45 billion in estimated project costs, while the Cirebon 2 coal plant is receiving almost $1.15 billion in finance or guarantees from the Japan Bank for International Cooperation and the Korea Export Import Bank, two of the world's biggest coal financiers.
See the full list of the Dirty Dozen projects here.
Reposted with permission from our media associate Oil Change International.
By Governor Jay Inslee
Climate Week this year coincides with clear skies in Washington state for the first time in almost two weeks.
In just a few days in early September, Washington state saw enough acres burned – more than 600,000 – to reach our second-worst fire season on record. Our worst fire season came only five years ago. Wildfires aren't new to the west, but their scope and danger today is unlike anything firefighters have seen. People up and down the West Coast – young and old, in rural areas and in cities – were choking on smoke for days on end, trapped in their homes.
Fires like these are becoming the norm, not the exception.
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By Bill McKibben
To understand the planetary importance of this autumn's presidential election, check the calendar. Voting ends on November 3—and by a fluke of timing, on the morning of November 4 the United States is scheduled to pull out of the Paris Agreement.
President Trump announced that we would abrogate our Paris commitments during a Rose Garden speech in 2017. But under the terms of the accords, it takes three years to formalize the withdrawal. So on Election Day it won't be just Americans watching: The people of the world will see whether the country that has poured more carbon into the atmosphere than any other over the course of history will become the only country that refuses to cooperate in the one international effort to do something about the climate crisis.
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Do you support or oppose each of the following policies as part of the recovery from the coronavirus pandemic?<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDQzODcyMC9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYxNjg4MzY4OX0.B-bt9mltOhK0MHFbzK8G3_8sBkDAeUsAWm-AhNZYoxQ/img.png?width=980" id="acd43" class="rm-shortcode" data-rm-shortcode-id="8724178274b9f96e27055f74a1bafe20" data-rm-shortcode-name="rebelmouse-image" />
America's largest national forest, Tongass National Forest in Alaska, will be opened up to logging and road construction after the Trump administration finalizes its plans to open up the forest on Friday, according to The New York Times.
Aerial view of the Tongass National Forest. Alan Wu / Flickr / CC BY-SA 2.0
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Hamstrung by coronavirus lockdowns, frustrated school strikers have spent months staging digital protests against world leaders failing to act urgently on climate change.
Pandemic Stalls Protests<p>Last November, the head of the UN Environment Program was among the public and scientific figures to warn that 2020 offered a last chance to cut emissions. Then, few could have suspected this deadline would coincide with an unprecedented public health emergency.</p><p>The pandemic has <a href="https://www.dw.com/en/tough-times-ahead-for-climate-protesters-during-corona-pandemic/a-52978469" target="_blank">dealt climate activism a blow</a>. Niedeggen says that as a movement demanding that the world act on scientific advice, the school strikers took lockdown restrictions extremely seriously, halted public protests immediately and took their activism online.</p><p>On April 24, Fridays for Future organized a "digital strike," with Niedeggen hosting a that racked up close to a quarter of a million views. "We were not physically standing together, but we were all fighting together," she says.</p><p><a href="https://www.dw.com/en/climate-strikers-get-inventive-during-the-covid-19-crisis-fridays-for-future/a-53229262" target="_blank" rel="noopener noreferrer">Activists also gathered thousands of placards</a> from across Germany to lay out in front of the German Bundestag around the central slogan: "Fight every crisis."</p>
Opportunity for a New Normal<p>Last September's Global Climate Strike drew young and old protestors around the world, with organizers estimating a global turnout of 7.6 million, including an estimated 270,000 people in Berlin. Activists have adjusted this year's event to account for social distancing and different levels of coronavirus restrictions in cities taking part.</p><p>They say COVID-19 also presents opportunities.</p><p>"The pandemic shows that we can change our normal daily life, and we are very able to adjust to a situation of crisis," she says. The key question is how economies get back on their feet: "We have the possibility to build a new normal, to build a renewable world order, and an environmentally just, climate-just normal for everybody."</p><p>In July, Jeng was among 20 female Fridays for Future activists from the Global South to sign an open letter to G20 finance ministers warning that their decisions in "exclusive backrooms" over stimulus packages and corporate bailouts would "lock in development pathways for decades."</p><p>"The system is not broken, it was built to be unjust. We don't need recovery, we need a reboot," the letter reads, stressing that "black people, indigenous peoples and people of color," have been disproportionately hit by the economic, climate and coronavirus crises. </p>
Policy 'Not Quite There Yet'<p>Figures on stimulus spending do not suggest their words had much impact. The ministers were criticized for failing to relieve the debt of poorer countries, and according to <a href="https://www.energypolicytracker.org/region/g20/" target="_blank" rel="noopener noreferrer">Energy Policy Tracker</a>, G20 countries by August had pledged $169 billion (142 billion euros) to fossil fuels since the beginning of the pandemic.</p><p>Katrin Uba, associate professor of political science at Uppsala University in Sweden, is researching Fridays for Future. She says that despite the movement raising awareness and gaining access to policymakers, real policy change "is not there yet."</p><p>Still, she stresses that social movements go through waves of mobilization as public attention on their core issues ebbs and flows. And perhaps one of Fridays for Future's biggest achievements is birthing a politically active generation that will keep the fight up long after corona becomes a memory. </p><p>"We know clearly from our research that many of the people who came to the streets hadn't done any protesting before in their lives," she told DW. "And we also know that if you do one protest, you are likely to do more."</p>
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