Our joint action is necessary to ensure the world is on an ambitious, clearly defined pathway towards net zero emissions, that is consistent with the 1.5°C warming limit and goals of the Paris Agreement, as well as the best available science and technology. The measures taken are helping to stimulate sustainable, resilient and inclusive economic development around the world, while supporting a just transition for affected communities.

This is the first coalition and international political commitment of its kind. It is at the forefront of finding solutions to transitioning public support from fossil fuels to clean energy technologies.

We also have valued signatories that do not provide any overseas support in other countries but have joined to indicate their support for the CETP’s objectives and their interest in securing greater investment in clean energy.

Key elements of the CETP are reflected in the 2022 G7 commitment to “end new direct public support for the international unabated fossil fuel energy sector by the end of 2022”, and again in 2023 where G7 members committed to report on progress made.