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Big Shift Global

The Big Shift Global campaign

Calling for an end to public financing of fossil fuels and a shift to investing in sustainable, renewable energy to provide energy access for all

The signs of the unfolding climate catastrophe are increasingly evident, including record-breaking forest fires in the Brazilian Amazon, unprecedented icemelt in the Arctic, devastating flooding in Africa and South Asia, and deadly heat waves in Europe. To stop this climate crisis, we need to urgently phase out the use of fossil fuels and shift to using sustainable, renewable energy.  

Multilateral development banks such as the World Bank manage billions of dollars of public money. They are key to financing the shift to a sustainable, renewable global energy system. As major funders of fossil fuels in the past, these Banks have a responsibility to lead the way on phasing out fossil fuels and shifting investment to distributed renewable energy.

Increasing investment in renewable energy is crucial for improving the lives of the one billion people around the world who don’t have access to electricity. Investing in off-grid renewable energy is the best way to provide affordable and sustainable energy for the poorest communities, benefiting local businesses and households.

We are calling on all of the world's biggest public banks to shift all their money out of dirty fossil fuels and into sustainable, renewable energy by 2020. 

Open letter to the Multilateral Development Banks

As COP25 in Madrid begins, the Big Shift coalition calls on the Multilateral Development Banks to align their finance with the 2015 Paris Agreement, increase their investments in renewable energy and stop financing fossil fuels and ensure they present a detailed approach and report on their progress. 

Read the Big Shift coalition's open letter here

Join the Big Shift Global campaign calling on the world's biggest banks to stop financing fossil fuels shift to financing renewable energy:

With just 10 years left to avoid the worst impacts of climate change the whole world is asking for change. But multilateral development banks are failing us - they have not increased their investments in renewable energy and they continue to finance fossil fuels.

COP25 will be held from December 2 – 13. Multilateral Development Banks must decide which side they are on. Join us to demand: an end to all financing of fossil fuels and investment in decentralised renewable energy to ensure energy access for all people