The report shows the extent of the financial support given; by commercial banks, development finance institutions and credit agencies. export (ACE) to; the fossil fuel industry in West, Central, East and Southern Africa between 2016 and June 2021, as well as the financial institutions most responsible for these flows.

We found that between 2016 and June 2021, public and private financial institutions disbursed; at least $132 billion in fossil fuels in Africa. Most of this funding comes from Europe, North America (mainly the US, UK and France) and Asia (mainly China and Japan). The report also features ten featured projects and their impacts.

Thanks to; In particular, the report shows that the claim that fossil fuels contribute to the economic and social development of African countries, often made by the fossil fuel industry and financiers, is a myth.

On the contrary, they have serious environmental, social and climatic repercussions. The risk of being locked up in fossil fuels also presents serious economic risks to people. longer term for African countries, which are already facing the consequences of climate change.

This report therefore calls à just transition, proposing eight just transition principles and recommendations for financial institutions and governments. 

You can view the report(in English) here: https://en.milieudefensie.nl/news/07-md-banktrack-fossil-fuels-africa-rpt-hr.pdf