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How a grassroots UK campaign sparked a multi‑billion‑dollar exit from public fossil fuel finance

33 0
10.03.2026

In 2021, dozens of governments quietly agreed to stop using public money to finance fossil fuel projects overseas.

Their pledge – now known as the Clean Energy Transition Partnership (CETP) – has helped drive a 78% reduction in public finance for fossil fuel projects among signatory countries.

What makes this especially striking is where the idea came from: a grassroots campaign in the UK initially targeting the government’s export credit agency.

With governments withdrawing from climate commitments, and some administrations – most notably Trump’s – tying them to security and trade deals, international climate cooperation is increasingly fragile. Yet the CETP stands out as a genuine success among a litany of failed international climate initiatives. My new research set out to understand what made it such a success.

Climate policy (and campaigning) is messy

Many assume that international climate commitments emerge from polite diplomatic negotiations, with small changes accumulating over time. The reality is far messier. Domestic and international climate policy is fiercely contested and victories are only ever provisional, with each settlement shaping the terrain for the next battle.

My research, based on interviews with campaigners and policymakers, shows that the partnership came about through a series of political confrontations – “battle-settlement events” in the academic lingo – moments when activists, governments and institutions clashed and new compromises emerged.

The CETP traces back to a UK grassroots campaign from 2017 onwards led by environmental and human rights campaign organisations including Global Witness and Oil Change........

© The Conversation