Financial Roadmaps towards a Just Phaseout and a Fossil-Free Amazon
Camilla Perotti, Climate Campaigner at BankTrack
An event featuring parliamentarians, Indigenous leaders, and the latest analysis on realigning finance to deliver a just transition.
The finance roadmap for transitioning away from fossil fuels must include aligning both private and public sector financing with the goals of the Paris Agreement and delivering a just clean energy future. This event will explore what financial architecture and reforms are needed to deliver a fast, fair, funded and durable global phase down and out of fossil fuels, emphasizing the role that governments need to play on restructuring public finance flows and regulating the private finance sector while adhering to human rights frameworks and forest protection and land use safeguards. The event will also highlight the importance of including commitments on public and private finance in a Fossil Fuel Treaty, effectively binding governments to regulate the financial streams to fossil fuels within their jurisdictions.
In recognition of the location of this conference, its proximity to the Amazon basin, and Indigenous Peoples on the frontlines of the climate fight, this event will also feature frontline leaders and their historical and ongoing struggles against past, current, and emerging threats of oil and gas extraction in the Amazon, and the accountability of financiers enabling that extraction. The event will also uplift Protecting Our Planet’s Heart: Parliamentarians’ Roadmap for a Fossil- Free Amazon, informed by a year-long inquiry into the harms and solutions to exploitative and extractive industrial models in the Amazon, conducted by Parliamentarians for a Fossil Free Future and member Parliamentarians from Amazonian countries. This roadmap was released in advance of COP30 in Belém, Brazil and will aim to inform the outcomes at Santa Marta and the two Do Lago COP Presidency-led roadmaps on Halting Deforestation and Transitioning Away from Fossil Fuels.
