"Calling time on financing overseas fossil fuel projects really is a welcome move," said the policy director at Greenpeace UK, Doug Parr. Britain has been criticized by watchdogs and activists including Swedish campaigner Greta Thunberg for financing dirty energy projects abroad. In 2019, an Environmental Audit Committee (EAC) report concluded that UKEF's support for fossil fuel energy projects was "unacceptably high" in developing countries. By contrast, just $137.55 million went on renewable energy projects, it said, recommending an end of support for new fossil fuel projects by the end of next year. Britain is not alone among wealthy nations in backing such projects abroad under the radar.

Source: Dhaka Tribune December 12, 2020 09:33 UTC