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Turning the tap off slowly – why Australia's decision to end overseas fossil fuel finance matters

  • Written by: Christian Downie, Associate Professor, Australian National University
Turning the tap off slowly – why Australia's decision to end overseas fossil fuel finance mattersShutterstock

Until recently, financing fossil fuel projects has been relatively easy.

But that is slowly changing. At the COP28 climate negotiations yesterday, Australia announced it will sign the Glasgow Statement and will no longer finance international oil, gas and coal projects. Domestic projects are not part of the agreement.

Major Australian...

Read more: Turning the tap off slowly – why Australia's decision to end overseas fossil fuel finance matters

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