Canada’s Environment and Climate Change Minister is back on the international stage at the One Planet Summit in Paris, which is focusing on climate change financing – notably phasing out fossil fuel subsidies, and aid to developing countries. In a press release on December 12, Canada announced a partnership with the World Bank Group to accelerate the transition from coal-fired electricity to clean sources in developing countries, stating: “This work also includes sharing best practices on how to ensure a just transition for displaced workers and their communities to minimize hardships and help workers and communities benefit from new clean growth opportunities. The transition to a low-carbon economy should be inclusive, progressive and good for business. We will work together with the International Trade Union Confederation in this regard.” The World Bank Group announcement was briefer : “Canada and the World Bank will work together to accelerate the energy transition in developing countries and, together with the International Trade Union Confederation, will provide analysis to support efforts towards a just transition away from coal.” The ITUC Just Transition Centre hadn’t posted any announcement as of December 13.
Other Canadian partnerships announced in a general press release: a Canada-France Climate Partnership to promote the implementation of the Paris Agreement through carbon pricing, coal phase-out, sustainable development and emission reductions in the marine and aviation sectors; Canada was selected as one of five countries for a new partnership with the Breakthrough Energy Coalition led by Bill Gates; and Canada , along with five Canadian provinces, two U.S. states, and Mexico, Costa Rica and Chile, signed on to the Declaration on Carbon Markets in the Americas, to strengthen international and regional cooperation on carbon pricing.
The World Bank, one of the organizers of the One Planet Summit, made numerous other announcements – including that it will no longer finance upstream oil and gas developments after 2019, and as of 2018, it will report greenhouse gas emissions from the investment projects it finances in key emissions-producing sectors, such as energy. Such moves may be seen as a response to the demands of the Big Shift Global campaign of Oil Change International, which released a new briefing called “The Dirty Dozen: How Public Finance Drives the Climate Crisis through Oil, Gas, and Coal Expansion” on the eve of the One Planet Summit. Over 200 civil society groups also issued an Open Letter calling on G20 governments and multilateral development banks to phase out fossil fuel subsidies and public finance for fossil fuels as soon as possible, and no later than 2020. Signatories include Oil Change International, Les Amis de la Terre – Friends of the Earth France, Christian Aid, Greenpeace, Reseau Action Climat – Climate Action Network France, WWF International, BankTrack, Climate Action Network International, Global Witness, 350.org, Germanwatch, Natural Resources Defense Council, CIDSE, and the Asian Peoples Movement on Debt and Development.
In Canada, Environmental Defence is collecting signatures in a campaign to stop fossil fuel subsidies , stating “ Together, federal and provincial governments hand out $3.3 billion in subsidies every year for oil and gas exploration and development. In 2016, Export Development Canada, a crown corporation, spent an additional $12 billion in public money to finance fossil fuel projects.”