Our Demands
Multilateral Development Banks (MDBs) such as the World Bank manage billions of dollars of public money. They have a mandate to support our futures and shift to a sustainable, renewable energy system. As major funders of fossil fuels and climate destruction, these Banks have a responsibility to lead the way on phasing out fossil fuels and shifting investment to sustainable renewable energy.
Multilateral Development Banks must:
- Phase out all direct and indirect finance to fossil fuels, including fossil gas, and promote a just transition away from fossil fuels.
- Promote a Just Transition to 100% renewable energy future and ensure everyone has access to clean, sustainable, safe energy.
- Establish strong environmental, social, human rights and governance safeguards for the phase out of fossil fuels and the transition to renewable energy including - Full Prior Informed Consent with local communities.
- Be transparent and accountable about direct and indirect energy finance, the impacts of investments and in measuring emissions from the projects they fund.