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<p>COP26 set the gold standard on aligning international public finance with the goals
of the Paris Agreement. 34 countries and 5 finance institutions have committed to
end international public finance for fossil fuel energy projects by the end of 2022.
Collectively, this could move $24bn of public finance out of fossil fuels and into
the clean energy transition. This is the first time a COP Presidency has prioritised
this issue to drive forward progress. The UK is now actively working with fellow signatories
to support the delivery of these commitments, as well as expanding the signatory base
and continuing to push global ambition on this agenda throughout 2022.</p>
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