#FossilGas is being sold as Africa's development pathway, but the financial risks, debt burdens, and the current LNG price shocks all point the other way.
In this new blog, Rajneesh Bhuee sets out why IFIs must stop pushing gas in 🌍️ and #BankOnRenewables instead ⤵️ www.linkedin.com/pulse/drill-...
Blue text "Fossil fuels and false solutions shouldn’t count as ‘climate finance’" over background image of Turkana wind project showing a young boy looking at wind turbines in an arid landscape. Recourse white logo.
3⃣ End fossil funding & false solutions, #BankOnRenewables
MDBs, it’s time to stop all direct & indirect support for fossil fuels, environmentally destructive projects, and false solutions that do more harm than good.
Fund a #JustTransition without making new sacrifice zones in the Global South.
Pale green background, white and green text: "Shifting public finance from false solutions to truly just transition. Read the recommendations for multilateral development banks. bit.ly/BoRfalse¨ Collage of photos of coal, hydrogen, nuclear and hydropower projects. Banking on Renewables campaign logo in the corner.
The World Bank should be backing sustainable renewable energy systems that directly serve people — not false solutions.
Read the recommendations in the latest briefing by the Banking on Renewables campaign 👉 bit.ly/BoRfalse
#WBGMeetings #BankOnRenewables #Renewables @powershiftafrica.bsky.social
"Nuclear energy is an unsafe, high-cost and slow-to-deploy technology.
"Africa needs clean, sustainable and decentralised renewable energy that is significantly more affordable than nuclear."
🗞️ Opinion in Mail & Guardian mg.co.za/thought-lead...
#Koeberg #Nuclear #WBGMeetings #BankOnRenewables
Photo of man crouching on a rooftop to clean solar panels. Blue text against the cloudy sky "Stop funding fossil gas". White text against the roof tiles "MDBs, bank on a renewable energy future for Indonesia".
Our new report with Trend Asia follows the money behind the Tangguh LNG project and makes key demands to multilateral development banks:
🛑 Do not fund #TangguhLNG expansion
🛑 Close loopholes leaking public money to filthy #FossilGas
Read it here: bit.ly/Tangguh25
#BankOnRenewables #Indonesia
🇷🇼🇹🇿 The AfDB & World Bank have supported the #RenewableEnergy transition at national scale in Rwanda & Tanzania, with active community level engagement, tools, and training for people to manage their own local minigrids.
Read more: re-course.org/wp-content/u...
#ACS2 #BankOnRenewables #DRE
🇰🇪 The African Development Bank was a ‘financial matchmaker’ for the Lake Turkana wind farm – bringing in European finance for a project which has eroded Indigenous livelihoods & lands without providing jobs or electricity for local people.
Read: re-course.org/wp-content/u... #BankOnRenewables #ACS2
🌍 The rush for gas is already wreaking havoc on communities in Africa, increasing debt, and jeopardising climate goals.
💡 Now is the moment for public financiers to back a 100% renewable, people-powered, just energy transition for Africa.
#FossilGas #ACS2 #BankOnRenewables
bit.ly/BoR24
#FossilGas
⌛️ delays decarbonisation
📉 burdens economies
❌ harms communities
Multilateral development banks still frame gas as a 'transition fuel' despite clear evidence of the risks it poses for energy security, especially in Africa.
#ACS2 must #BankOnRenewables!
In Indonesia, the World Bank-financed Jatigede mega dam has displaced indigenous communities & animals
Small-scale, community-led hydropower plants are proving to be a relevant & sustainable solution instead
Read the case study 👉 bit.ly/BoR24 #BankOnRenewables #SB62 #JustTransition #Hydropower
Policy recommendations for a just energy transition to build a democratic energy system. Bullet point list on a grey background with a small green and yellow illustration of a person, dollar symbol and community members.
Policy recommendations for a just energy transition towards 100% renewable energy. Bullet point list on a grey background with a small green and yellow illustration of an arrow curving from CO2 to sun and wind power.
Policy recommendations for a just energy transition: people and planet first. Bullet point list on a grey background with a small green and yellow illustration of three people inside a heart with solar and wind power icons.
This is a pivotal year for the African Development Bank & its #Mission300 initiative.
To secure African economies & communities, the AfDB must scale up grants for decentralised, sustainable renewables, and put people & the planet first.
Recommendations👇
bit.ly/BoR-25 #AfDBAM2025 #BankOnRenewables
This fact sheet was published together with The Big Shift Global, Indus Consortium, Centre for Financial Accountability (CFA India), and Trend Asia, for the Banking on Renewables campaign
#BankOnRenewables
Black upper case text on pale grey background image of smoking industrial stack. "False solutions delay real climate action".
A message for the Asian Development Bank annual meeting:
📢 @adb.org, Asia needs a REAL just energy transition!
✅ Community-led
✅ Human rights first
✅ No fossil fuels
⚠️ No false solutions—it's time for real action & accountability
#StopFundingFossils #BankOnRenewables
#ADBAnnualMeeting #ADBNews
Blue and green gradient background with bright green capitalised text that reads "sustainable, decentralised, 100% renewable energy”
It’s time for a step change from the fossil fuel era of the past 🦖
To accessible, affordable, and reliable clean energy systems for all 💡
With the right kinds of investments, the World Bank can super-charge the just energy transition
#WBGmeetings #BankOnRenewables #EarthDay2025
List of policy recommendations for the World Bank to progress a just energy transition.
The World Bank has made progress in the just energy transition ✅
It now needs to super-charge its support, putting people's needs before profit ✊
We need 100% renewable, democratic energy systems!
Analysis & methodology: bit.ly/BoR-25
#BankOnRenewables #RenewableEnergy #WorldBank
Graphic showing World Bank approved energy projects in 2024.
The World Bank is making slow progress on the urgent energy transition
In 2024
🌞 only 1/3 of investments were in sustainable renewables
🪨 1/4 still supported fossil fuel expansion
❌ too many were for risky mega projects and 'false solutions'
Source: bit.ly/BoR-25 #BankOnRenewables
Sustainable societies require #CleanEnergy that is accessible, affordable & reliable for all people
World Bank funding for the energy transition must based on
🤝 people's engagement & leadership
⚖️ safeguards & accountability
💰 no more debt
bit.ly/BoR-brief #WBGmeetings #BankOnRenewables
Montage of a solar panel, a young woman, and two men wearing caps doing construction work in the forest. Multicolour logo which says "Banking on Renewables" in Spanish. Colour wash green-blue.
Cuando se trata de inversión pública en #EnergíaRenovable, los bancos multilaterales de desarrollo deben cumplir las normas más estrictas para las comunidades y el planeta
🌞 Aquí pueden leer los criterios de financiamiento, en español, francés, y inglés: bit.ly/BoR24 #BankOnRenewables
Montage of a solar panel, a young woman, and two men wearing caps doing construction work in the forest. Multicolour logo which says "Banking on Renewables" in French. Colour wash green-blue.
Investissement public dans les #ÉnergiesRenouvelables : les banques multilatérales de développement doivent respecter les normes les plus élevées pour peuple & planète
🌞 Lisez les critères de financement, désormais disponibles en français et en espagnol : bit.ly/BoR24
#BankOnRenewables
Photo of three Indian women wearing saris, smiling, and holding solar powered lamps. Blue-green colour wash. Logo and text saying "Banking on Renewables. Calling for public finance which powers people and protects the planet."
When it comes to #RenewableEnergy investments, multilateral development banks must be held to the highest standards for people & the planet
🌞 Read the criteria for public finance investments in renewables, now available in French & Spanish
🔗 bit.ly/BoR24 #BankOnRenewables
