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Australia must shift public finance away from fossil fuels: groups target Export Finance Australia’s board

Climate Justice, Climate proof EFA, Changing Australia, EFA, Public finance of fossil fuels

Release Date: 05 May 2022

Sixteen organisations including Jubilee Australia, Oxfam, the Australia Institute and the Australian Conservation Foundation have sent a joint letter to the board of Export Finance Australia calling on them to direct the government agency to stop financing coal, oil and gas industries.

Civil society raises alarm amid reports Australia pushing Asian Development Bank to keep funding fossil fuels

Climate Justice, Changing Australia, Aid and development, Sustainable economies

Release Date: 06 Oct 2021

35 civil society organisations, including Jubilee Australia and ActionAid Australia, have written an open letter to the Australian Government urging it to support the ADB’s transition away from financing and supporting fossil fuel projects to align with the goals of the Paris Agreement.

Cancel debt to tackle corona virus, say Australian CSOs

Changing Australia, Aid and development

Release Date: 08 Apr 2020

A group of Australian civil society organisations (CSOs) released a statement today calling for the Australian Government to support the cancellation of external debt payments in 2020 for Low Income Countries (LICs) to help them fight the coronavirus. Organisations who signed onto the statement include: Jubilee Australia, Action Aid Australia, Caritas Australia

Proposed New Pacific Infrastructure Initiative is Chasing Mythical Dragons

Changing Australia, Aid and development

Release Date: 29 Mar 2019

Jubilee Australia, Caritas Australia and UNSW released a new report today, Enter the Dragon: Australia, China and the New Pacific Development Agenda, about the proposed new infrastructure fund for the Pacific. The report is strongly critical of the proposed Australian Infrastructure Financing Facility for the Pacific (AIFFP), arguing that the rationale for the scheme has been made on faulty premises,

Concerns Over Bill to Amend Efic

Changing Australia, EFA

Release Date: 14 Feb 2019

Yesterday the Government introduced a bill to amend Efic. If approved, Efic would change its name to Export Finance Australia and take responsibility for a $1 billion fund with the objective of supporting infrastructure in the region. Worryingly, lending money through this mechanism could only occur if the infrastructure project would result in an “Australian benefit”. This would be a dramatic change.