International Climate and Energy

International Finance

International financial institutions — like the World Bank — need to transition energy investments beyond coal to clean energy. More importantly, those scarce development dollars need to be spent in a strategic way given that they are only a small percentage of a trillion dollar global energy economy. Ultimately, the best use of those funds will be to expand clean energy access at a household level by investing in distributed clean energy companies working beyond the grid.

Clean Energy Access

Approximately 1.3 billion people around the world live in darkness, often without access to even small amounts of life-changing electricity. The good news is that we can change this by deploying off-grid renewable energy technologies. These technologies are available today, and are better suited to meeting the challenges of energy access than centralized coal projects and grid extension. That means we can solve energy poverty and climate change at the same time.

Tata Mundra

Tata Mundra is a failing project. Even its backers admit it is running at unsustainable losses. Now, the company is asking for a bailout from the Indian government in the form of higer electricity rates for consumers to cover the costs, putting the price of electricity beyond the reach of the people it was supposedly built to help.

Great Barrier Reef

Media reports have linked the US Export-Import Bank (Ex-Im) to plans to open enormous coal mines in Australia's Galilee Basin, and then dredge within the Great Barrier Reef World Heritage Site to expand shipping channels to take the coal to Asia. Despite worldwide uproar over the proposals, Ex-Im refuses to deny the links. Should Ex-Im approve financing for the projects, our taxpayer dollars will be supporting the destruction of the Great Barrier Reef.

SUPPORTING GRASSROOTS MOVEMENTS

There is no way around it: Coal kills. The Sierra Club partners with grassroots groups around the world as they demand a say in what happens to their air, land, and water, and as they call for an end to international public financing of dangerous coal projects. We connect locals with resources, provide expertise and training, assist in conducting research, and help raise the voices of affected people and activists as they stand against multinational corporations.