CETP members slash fossil fuel finance by up to 80%, but clean energy funding lags behind

The International Institute for Sustainable Development (IISD) published a policy brief, Down But Not Out, on 27 October 2026, showing that members of the Clean Energy Transition Partnership (CETP) now provide 72-80% less international public finance for fossil fuels than before the partnership began (in september 2022), measured against the 2019-2021 average. But the brief finds that only 42% of the money withdrawn from fossil fuels has been redirected into clean energy. It is co-authored with Oil Change International (OCI) and Friends of the Earth U.S. and was released ahead of COP 31.

Fossil fuel finance among members has fallen to a few billion dollars a year, close to its record low. Clean energy finance has grown by less than fossil finance has shrunk, and non-CETP G20 countries…