OECD export finance: renewables dwarfed by fossil fuels
WWF, March 2015
This briefing from WWF analyses OECD data from the following document: ‘Proposals on enhanced
reporting for power generation projects and public dissemination’
The main findings are:
- On average for 1 dollar of OECD support for renewable power in the period 2003-2013, 2.2 dollars have been supporting fossil fuel-fired power plants.
- When fossil fuel extraction & mining is included, on average for 1 dollar of OECD support for renewable power, 5.4 dollars have been supporting fossil fuel-fired power plants in 2003-2013 – locking energy systems in high carbon paths for decades.
- The share of OECD support for renewables in the power sector is barely improving
- 21 countries (two thirds of OECD countries) have no objective economic rationale to oppose the end of export finance for coal plants, as they have not used this policy tool in more than a decade while many use it for renewable technologies competing with coal plants