It's time to move the money for a Just Recovery in Asia!
Asia hosts 60% of the world’s population which represents the majority of the most vulnerable communities to the impacts of climate change and the COVID-19 pandemic.
For most of the region public development banks support economic development in a country or region. However, they are also funding many large fossil-fuel infrastructure projects in the energy sector.
We must demand that these banks and financial institutions put people and the planet first by shifting the financial investment landscape to one that prioritizes access to vital social services and low-carbon development. And it starts with making a clear timeframe to end support for fossil fuel projects.
International financing institutions, multilateral development banks, and export credit agencies must come together and demand the end to fossil fuel finance, and chart a Just Recovery path where no one gets left behind.
Sign up to demand public development banks to move the money away from dirty fossil fuels.
The World Bank
International Finance Corporation
Asian Development Bank
Asian Infrastructure Investment Bank
Japan Bank for International Cooperation
and Investment Insurance Export-Import Bank of Korea
In the face of today's multiple crises, we are urging you to stand for our future. At the Finance In Common Summit, we are given an opportunity to chart our future to one that ensures the Asian region's capacity to thrive justly and sustainably. We are calling on you to:
- Set a clear timeframe to end direct and indirect support for coal, oil, and gas;
- Channel resources for healthcare, renewable energy, and better social services;
-Adhere to international debt relief commitments and support the adoption of further debt cancellation mechanisms for developing countries.
The financial decisions you will make have political implications and will have a huge impact on where investments will be made in Asia, and potentially ensure that the money goes towards building sustainable, healthy, and resilient societies.