City by city, town by town, we’re ending the age of fossil fuels and building a world of community-led renewable energy for all.
It’s simple — to prevent devastating climate breakdown, we have to end all finance to fossil fuels.
To operate, all fossil fuels projects need money. Through loans, underwriting and investments, public and private banks pour hundreds of billions of euros each year into the dirty fossil industry.
Without this money, there’d be very little new fossil fuels projects. That’s why we need to disrupt fossil finance – and go after banks.
Finance is the foundation of the fossil fuel industry, that is driving climate breakdown and threatening communities around the world.
Finance also builds the future. The investments and loans of today establish the energy sources of tomorrow. Fossil finance is now propping up fossil companies, and enabling them to keep adding new unnecessary fossil fuel projects. Instead, this money could finance the rapid, broad transition to a 100% renewable energy system we urgently need.
To have any chance of avoiding runaway climate breakdown, no new fossil fuel project can be allowed to go ahead. It’s our chance to confront the climate crisis at its root, and achieve systemic change.
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The fact that the current administration is building massively polluting power plants in South East Asia while claiming to transition to a Green New Deal economy exposes their hypocrisy and shortsightedness. It also completely delegitimizes President Moon’s aspirations to emerge as a model country in a post-COVID green economy
The result was a sweeping victory for the ruling Democratic Party. The Democratic Party claimed 183 out of 300 seats, taking a comfortable majority for the next 4 years. This victory is a significant win not just for the party, but for many environmental activists as well.
“What we need now more than ever is solidarity and unity within our communities. Just like with the climate crisis, we need to unite behind the science and prioritize marginalized sectors in order to create resilience for future crises.”