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.

Latest press releases

12/12/2017 — At the One Planet Summit in Paris, France, on 12 December 2017, the World Bank Group (WBG) made a series of announcements, including a headline announcement that they will end finance for upstream oil and gas projects after 2019, in order to align its support to help countries meet their goals under the Paris Agreement. ACRP and all Big Shift Global campaign partners welcome this WBG major commitment which results from a concerted push building on decades of campaigning by communities and civil society worldwide. Read our press release here.

11/12/2017 — As world leaders prepare to lift up a dozen “transformational” climate projects at the One Planet Summit co-hosted by the World Bank on 12 December 2017, civil society highlights a “Dirty Dozen” projects through a Big Shift campaign briefing. Read our press release here.

16/10/2017 — The Big Shift global campaign alliance welcomes World Bank Group’s announcement to track emissions and calls on them to stop funding fossil fuels by 2020. Read our press release here.

Dirty Dozen – How Public Finance Drives the Climate Crisis through Oil, Gas, and Coal Expansion

December 2017 — As heads of state and leading institutions gather on 12th December 2017 in Paris to celebrate the second anniversary of the Paris Agreement on climate change, a new briefing from the Big Shift Global campaign profiles twelve fossil fuel projects – the “Dirty Dozen” – that exemplify the massive volumes of public finance still flowing to fossil fuel projects. These preferential fossil fuel finance flows that benefit the oil, gas, and coal industries are slowing down the energy transition in the global economy, and undermining the spirit of the Paris Agreement and Sustainable Development Goals.

Download the Dirty Dozen briefing.

Sign-On Letter: G20 Nations and Multilateral Development Banks – Stop Funding Fossils

11/12/2017 — One the eve of the One Planet Summit in Paris, France, as governments and stakeholders gather to discuss the urgent need for climate finance, over 180 civil society groups released a letter being sent to leaders of multilateral development banks, including the World Bank, and leaders of G20 governments.

Download the letter.

Letter to the World Bank urging to prioritise forests

15/11/2017 — Read our letter to the World Bank calling on the institution to fulfill its commitment to prioritise forests and forest peoples’ rights in its support to borrowing countries and the implementation of their nationally determined contributions (NDCs).
[English | French | Spanish]

About the campaign

The African Climate Reality Project is a member of the Big Shift Global, 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 campaign milestones are: Oct 13-15 – World Bank Annual Meetings, Nov 6-17 – UN Climate Talks and Dec 12 – 2nd anniversary of Paris Agreement.

ACRP supports the initiative, together with other organisations around the world: 11.11.11, 350.org, Abibiman Foundation, Africa Coalition for Sustainable Energy & Access (ACSEA), African Climate Reality Project, Asia Climate Change Consortium (ACCC), Bank Information Center (BIC), Both Ends, The Bretton Woods Project, CEDLA, Centro Humboldt, Climate Action Network (CAN), Christian Aid, Church World Service (CWS), E3G, Fossil Free South Africa, 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, Swedish Society for Nature Conservation, The Energy Mix, Vasudha Foundation  and Urgewald.