Foreign aid for fossil fuel projects quadrupled in a single year, a report has found, rising from $1.2bn in 2021 to $5.4bn in 2022.
The report found the top five funders of fossil fuel projects between 2018 and 2022 were the Islamic Development Bank, Japan International Cooperation Agency, the Asian Development Bank, the European Bank for Reconstruction and Development, and the International Finance Corporation, the private sector arm of the World Bank.