The Clean Energy Transition Partnership was launched at COP26, where country and public finance institution signatories committed to transition our international public support towards the clean energy transition and out of unabated fossil fuels, within a year of signing the statement. This is critical to keeping 1.5 degrees within reach.
The full statement on International Public Support for the Clean Energy Transition
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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.
Our objectives
Scale up the deployment of clean energy
by prioritising international public support for the clean energy transition.
End international support for the unabated fossil fuel energy sector
(except for limited circumstances) within a year of signing.
Raise the importance of shifting international public support towards clean energy,
by encouraging further governments and public finance institutions to join the Partnership and promote dialogue on the need to strengthen and deliver this through other multilateral governance frameworks.
Latest news
Clean Energy Transition Partnership set out ‘Action Plan’ to scale up finance for clean energy at COP29
Norway and Australia set out implementation of their membership of the Clean Energy Transition Partnership (CETP), one year on from becoming new members at COP28
Public Finance in Action: Celebrating the publication of the CETP Clean Energy Action Plan
