The Big Shift: Urging Public Finance Institutions to stop funding fossil fuels
The World Bank manages and invests huge amounts of public money in development projects. We need them to get all their money out of dirty fossil fuels and into affordable renewable energy to reach and benefit even the most vulnerable and remote communities.
The Big Shift Global’s vision is for all people to have access to clean and affordable renewable energy. We want a world without illnesses from pollution or fear of climate change from carbon emissions.
More than a billion people in the world still don’t even have electricity, let alone clean energy, so there’s a long way to go, and we need your help.
The World Bank agrees that climate change is affecting the poorest people on the planet. Its goal is to end extreme poverty globally within a generation. However, it still supports a lot of projects that contribute to climate change.
The World Bank needs to put its money where its mouth is.
We are calling for much greater transparency about the impact of their investments in energy on the lives of ordinary women, men and children.
About the campaign
he Big Shift Global is a multi-stakeholder, global campaign coordinated by organisations from the Global North and South. Together, we aim to make the people’s views on energy finance known to Multilateral Development Banks (MDBs), their Executive Directors, as well as the Heads of State and Finance Ministers of the members countries. Leveraging public opinion is crucial to aligning decisions made by the MDBs with long-term climate safety and poverty goals – this inevitably involves a shift away from financing any form of fossil fuels to financing clean, sustainable, renewable energy for all.
The first phase of this campaign is focusing on the World Bank to make their commitment to 1.5C and SDGs clear at their Annual Meetings in October 2017. The campaign will engage the regional development banks in 2018 through 2020 urging them to go 100%RE by or before 2020. In 2017 some of our upcoming campaign milestones are: Oct 13-15 World Bank Annual Meetings, Nov 6-17 UN Climate Talks and Dec 12, 2nd anniversary of Paris Agreement.
The following organisations are supporting this initiative: 11.11.11, Abibiman Foundation, Africa Coalition for Sustainable Energy & Access (ACSEA), African Climate Reality Project, Asia Climate Change Consortium (ACCC), Bank Information Center (BIC), CEDLA, Climate Action Network (CAN), Christian Aid, Church World Service (CWS), E3G, Global Catholic Climate Movement, Grupo de Financiamiento Climático para América Latina y el Caribe (GFLAC), GreenFaith, Inspiraction Spain, Inspiraction USA, Oil Change International, Overseas Development Institute (ODI) – research partner, the Natural Resources Defense Council, Pan African Climate Justice Alliance (PACJA), Reclaim Power, Season of Creation and Urgewald.