Your letter will be delivered to German Ministries of Environment, Finance, Economic Cooperation and Development, and Economic Affairs and Energy:
To live up to the Paris Agreement, Germany can’t allow one penny more of public money to flow to oil, gas, and coal. With the EBRD revising its energy strategy, now is the time for you to take a stand for future generations and stop funding oil, gas, and coal projects.
Heat waves are devastating large parts of the globe, while hurricane season is just beginning. Our window of opportunity to meet the goals of the Paris Agreement is rapidly shrinking. Given this context, using public taxpayer dollars to support fossil fuel expansion is dangerous and irresponsible.
Last December, the World Bank took an important first step by committing to end all financing for oil, gas, and coal exploration and extraction. I’m asking that you follow their lead and go further, joining thousands of institutions around the world and leading by ensuring that the EBRD’s revised energy sector strategy excludes financing for all oil, gas, and coal infrastructure.
Now is the time to step up and show Germany’s climate leadership. Please work to ensure that oil, gas, and coal finance are excluded from the EBRD’s portfolio. The world can’t wait – our future depends on you taking decisive action to limit fossil fuel finance (oil, gas, and coal).