Just Energy Transition Partnerships were touted as innovative instruments of progress. Yet behind the grand rhetoric lies a more complex and cautionary tale for public financiers.
An important read by @FranWitt5⬇️
https://t.co/IbLjrnNzXk
#JETPs#JustEnergyTransition#LongRead
.@FranWitt5 reflects on "a week that felt far from ‘business as usual’" at the @WorldBank & @IMFNews Spring Meetings.
Covering issues around energy transition, accountability, debt and development, read her reflections here: https://t.co/qqkVHB09mn
#WBGMeetings#IMFMeetings
Building a resilient Africa? 🌍 #AfDBAM2025
🎯 @AfDB_Group should prioritise public, grant-based or concessional financing for energy projects, rather than loans which add debt burdens to African countries.
#DebtJustice#EnergyTransition
How to achieve a prosperous Africa? 📈🌍 #AfDBAM2025
Sustainable renewables offer the means to achieve energy security for African nations, transcending reliance on imported fossil fuels and volatile global gas and oil markets
Listen up @AfDB_Group! #GasIsNotGreen
#News Lens: Many Global South countries spend five times more on repaying debt than tackling climate change – governments meeting in Seville next month can stop this downward spiral, via @ClimateHome
https://t.co/aoa2yjz6ZK
what gas pipelines promised to Africa:
❌jobs
❌ development
what they actually brought:
✔️displacement
✔️ environmental destruction
✔️ loss of livelihoods
✔️ conflict
the reality speaks for itself. #DontGasAfrica
Adaptation Conversations from Africa
Saada Mohamed: ‘‘For developed countries, climate finance is self-reported and often substituted for development finance. This, coupled with a lack of a clear definition of climate finance leads to double-counting and overestimation of the finance provided for climate action for developing countries.’’
#PACAR2025 .@Saada_Sala
Despite the @ADB_HQ's commitment global climate goals, its technical assistance is still supporting #FossilGas—a highly polluting fossil fuel that is risky for economies, communities and the environment.
📽️@raj_bhuee#ADBAnnualMeeting
📃Read the briefing https://t.co/TounkMf7yG
⚡️Side-Event Alert: What is at stake for Africa's energy transition?
Join us this Friday as we highlight pathways to community-led solutions and policy recommendations that place PEOPLE and the PLANET at the center of the just energy transition.
See the poster for more👇🏿
As 2024 draws to a close, we look back on a busy but inspiring year for the Recourse team, working to hold public finance accountable to people and the planet
Huge thanks to our partners, funders, colleagues past and present, and our allies around the world ✊
#2024Wrapped👇📺
🌍🇪🇹 The World Bank must consult meaningfully with Ethiopian communities and civil society before deciding their future.
Development without inclusion is not sustainable.
Read more in this blog by @FranWitt5 & @DeanBhebhe https://t.co/2tKkAvUFyk #WorldBank#Ethiopia
🇪🇹 The World Bank’s Country Partnership Framework will shape Ethiopia’s development for years to come.
Will the Bank truly listen to those most affected?
Communities deserve a seat at the table in 2025.
Read more 👉 https://t.co/6SJ0Ele1Au
#Accountability#WorldBank#Ethiopia
To ensure that #IDAworks for the people who need it most, it needs to have:
🔹Comprehensive metrics for energy projects
🔹Full disclosure of energy sources
🔹Grant-based financing
🔹Support for localised & community-led renewables
Read the blog https://t.co/WIbj4whhaw #IDA21
Tomorrow S Korea is set to host the final pledging meeting for #IDA21, the latest round of contributions to the @WorldBank fund for lower-income countries
To better understand how the fund is set up to address climate & energy crises, we dug into IDA's energy portfolio 2013-23🧵
🫔Our wrap of activities and outcomes from Baku to Brazil👇
#COP29 reaffirmed the role of multilateral development banks in providing climate finance, while #G20 leaders moved ahead on financial reform but remained silent on debt.
🔗 https://t.co/o2Cynuozs2 #NCQG#DebtJustice
On behalf of hundreds of civil society organisations at #COP29, @MohAdow hands over letter to Ali Mohamed @AGNChairUNFCCC, of African Negotiators Group, saying we support them in rejecting latest climate finance text.
No deal is better than a bad deal.
#PayUp#ClimateFinance
The #COP29 outcome allows rich countries to hide behind #MDBs instead of paying up the climate finance they owe.
Reaction from civil society working on MDBs here: https://t.co/KRgCptb5jK