Recourse
LightNews LightNews
banner
re-course.org
Recourse
@re-course.org
570 followers 1.1K following 290 posts
Recourse campaigns for a world where people and planet are at the heart of development.

We push international finance institutions to make their policies and practices more sustainable, accountable and socially just.

Find out more on www.re-course.org
Posts Replies Media Videos
re-course.org
In India, rooftop #solar systems offer a sustainable, decentralised & affordable solution

Managed by local citizen committees, they are already bringing clean energy to households in the capital city Delhi & many villages

A lesson for MDBs as they discuss energy transition at #COP30: bit.ly/BoR24
Pale green background, white and green text: "Citizen-managed rooftop solar systems offer a sustainable, decentralised and affordable solution for households in India’s capital city and villages. Lesson for MDBs: Back more decentralised 100% renewable solutions. Photo of young Indian woman wearing a sari, cleaning a solar panel, with building roofs and green mountains in the background.
November 12, 2025 at 8:25 AM
re-course.org
“The Hyphen Green Hydrogen project in Namibia exposes how investing in false solutions risks deepening debt, displacement & dependency,” explains Karabo Mokgonyana.

“MDBs must learn from this and reorient financing towards community-centred, equitable & transformative climate solutions.”

#COP30
Pale green background, white and green text: "At COP30, Multilateral Development Banks must recognise that they shape who benefits from the transition, and who is left behind. MDBs must learn from Hyphen’s shortcomings and reorient financing towards community-centred, equitable, and genuinely transformative climate solutions.” Karabo Mokgonyana. Headshot of South Africa woman with hair in a bun, wearing a colourful traditional beaded headdress and a black shirt, speaking into a microphone. Logos for the Banking on Renewables campaign and Power Shift Africa.
November 11, 2025 at 2:47 PM
re-course.org
Without consulting local people, energy projects risk causing harm

Hyphen Hydrogen in Namibia extracts water, land & resources from Indigenous peoples to make electricity for export

#COP30 must send a clear message: #GreenHydrogen is a false solution
🔗 bit.ly/BoRfalse @powershiftafrica.bsky.social
Pale green background, white and green text: "The export-oriented Hyphen Green Hydrogen Project in Namibia has caused water scarcity, displaced Indigenous groups, and disrupted ecosystems. Lesson for MDBs: ‘Green’ hydrogen is a false solution." Photo of desert landscape in Namibia.
November 11, 2025 at 2:37 PM
re-course.org
Lake Turkana Wind Power, backed by the African Development Bank Group, shows that even renewables can be unjust if communities are excluded.

The project has eroded local livelihoods & lands in Kenya without bringing jobs or electricity.

MDBs at #COP30, listen to communities!

🔗 bit.ly/BoR24
Pale green background, white and green text: "A mega-scale wind farm on Lake Turkana in Kenya has eroded Indigenous livelihoods & lands without bringing jobs or electricity. Lesson for MDBs: Even renewables can be unjust if communities are excluded." Photo of young boy in Kenya looking at wind turbines in a dry arid landscape, with transmission lines in the distance.
November 11, 2025 at 1:20 PM
re-course.org
Multilateral development banks at #COP30: Financing justice or rebranding harm?

Despite green claims, MDBs still fund risky projects like nuclear & mega-dams.

These #FalseSolutions deepen debt & divert funds from truly sustainable energy.

Lessons: bit.ly/BoRfalse

More in thread to follow 🧵⤵️
Pale green background, white and green text: "Shifting public finance from false solutions to truly just transition. Read the recommendations for multilateral development banks. bit.ly/BoRfalse¨ Collage of photos of coal, hydrogen, nuclear and hydropower projects. Banking on Renewables campaign logo in the corner.
November 11, 2025 at 9:38 AM
re-course.org
Ahead of #COP30, the #Debt & #Climate briefs expose false solutions like ESG bonds, debt swaps, blended finance, guarantees & the #TFFF — revealing how they fail to tackle debt and climate justice.

🔗 www.eurodad.org/false_and_distracting_finance_solutions_debt_and_climate_mini_briefs
November 9, 2025 at 11:15 AM
re-course.org
Understand MDBs’ role in #ClimateFinance ahead of #COP30 🌍

Our latest briefing explains what MDB climate finance is, what “Paris aligned” really means, and how banks must reform to serve people & planet.

🔗 re-course.org/newsupdates/mdb-role-in-climate-finance-briefing/
November 9, 2025 at 11:15 AM
re-course.org
If you're in #Belem for #COP30, join us next Friday for this event

We'll be discussing what needs to be done to shift the policy ground for real, gender-just, people-led climate solutions.

🕐 Fri 14th Nov, 18:30-20:00 Belem time
📍Side event room 4
@farnargentina.bsky.social @gfc-forest.bsky.social
November 9, 2025 at 11:15 AM
re-course.org
Join us for this event at #COP30
The moral imperative of climate finance: Addressing ecological debt in a Jubilee year

🕐 Tue 11th Nov, 11:30-3:00 Belem time
📍Side event room 5

#Jubilee2025 #DebtJustice #ClimateFinance

@cafod.bsky.social @catholicrelief.bsky.social
November 9, 2025 at 11:15 AM
re-course.org
4️⃣ Africa’s transition must be people-led. #Mission300 and other plans will only work when women, youth and local communities shape them. #COP30

Read our op-ed on how to build a people centred energy future rooted in justice, not debt and extraction: www.the-star.co.ke/opinion/star...
November 7, 2025 at 1:46 PM
re-course.org
3️⃣ Even “green” finance traps countries in debt. Over 90% of clean energy funds arrive as loans, not grants. #ClimateFinance should release nations from dependency, not force them to pay again for a crisis they did not create.
November 7, 2025 at 1:46 PM
re-course.org
2️⃣ The World Bank alone financed $1.2 billion annually, mostly for gas. African countries pay two to three times more interest on renewable energy project loans than the Global North. A just transition is impossible when the world’s poorest pay the highest price for clean energy.
November 7, 2025 at 1:46 PM
re-course.org
1️⃣ MDBs’ hypocrisy runs deep.
Between 2022 and 2024, MDBs poured $3.2 billion each year into fossil fuels. These are the same institutions claiming to align with the Paris Agreement, while communities on the frontlines of the climate crisis remain energy poor.
November 7, 2025 at 1:46 PM
re-course.org
MDBs call themselves climate leaders while still funding fossil fuels. In this new op-ed for The Star Kenya, Wafa Misrar, Karabo Mokgonyana and Rajneesh Bhuee explain how this “green” finance deepens debt and inequality across Africa. 👇

📰 Read it here: the-star.co.ke/opinion/star...
November 7, 2025 at 1:46 PM
re-course.org
Countries and communities on the frontlines of climate change need adequate, accessible, fair finance to tackle it.

We'll be at #COP30 advocating for international financial institutions to do their part, along with @canclimateaction.bsky.social, @gcdcj.bsky.social & @farnargentina.bsky.social
November 7, 2025 at 7:48 AM
re-course.org
5⃣ Better safeguards, stronger rights

All MDB projects should meet the highest human rights, gender & environmental protection standards.

Including free, prior, informed consent for Indigenous peoples; gender sensitive approaches; stronger accountability mechanisms & remedy.

#COP30 #ClimateFinance
November 7, 2025 at 7:47 AM
re-course.org
💰How do we scale climate finance to $1.3 trillion per year by 2035?

The Baku to Belém Roadmap, published yesterday by UN Climate Change, intends to answer this very Q.

This analysis by Big Shift Global looks at #MDBs' role 👉 bigshiftglobal.org/big-shift-global-reaction-baku-belem-roadmap #COP30
November 6, 2025 at 12:35 PM
re-course.org
⏰ Webinar at 13:00 GMT today

As we head to #COP30 in Brazil, the role of multilateral development banks in shaping climate ambition is key.

Are MDBs banking on climate chaos or climate justice?

Join the discussion led by Big Shift Global 🔗 climateactionnetwork.zoom.us/meeting/regi...
November 6, 2025 at 11:21 AM
re-course.org
4⃣ Public interest first

MDBs, ditch the “billions to trillions” fantasy of using public money to leverage private funding. It simply hasn't worked.

Time to embrace a people-centred, rights-based approach to development & climate finance.

#COP30 #PublicFinance #ClimateFinance
Green background, white text: "Sustainable development has people’s needs and rights at its heart — not private profit". Photo of women in India protesting, wearing colourful saris and scarves, holding signs written in local language. Photo by rewaimages.com
November 6, 2025 at 7:49 AM
re-course.org
⚠️The #ClimateCrisis won’t be solved by more loans or private finance

These are false solutions that will only exacerbate the #DebtCrisis in the Global South

Instead, we need adequate, grant-based, public climate finance from #COP30

More 🔗 eurodad.org/false_and_di... @eurodadnews.bsky.social
November 5, 2025 at 3:59 PM
re-course.org
3⃣ End fossil funding & false solutions, #BankOnRenewables

MDBs, it’s time to stop all direct & indirect support for fossil fuels, environmentally destructive projects, and false solutions that do more harm than good.

Fund a #JustTransition without making new sacrifice zones in the Global South.
Blue text "Fossil fuels and false solutions shouldn’t count as ‘climate finance’" over background image of Turkana wind project showing a young boy looking at wind turbines in an arid landscape. Recourse white logo.
November 5, 2025 at 9:13 AM
re-course.org
We call on MIGA to review the project and include restrictions on #FossilGas, #CaptiveCoal, or any fossil fuels.

🌤️ In line with its commitments, World Bank guarantees should support a just, renewable energy transition, not corporate interests driving climate chaos.

#JustTransitionRising
Green background, white text: "What MIGA should do? Include restrictions on fossil gas and captive coal as conditions for the guarantee. Ensure that none of the capital relief proceeds from the guarantee are used to fund any fossil fuels." Photo of an oil well on right hand side.
November 4, 2025 at 11:39 AM
re-course.org
🚨This new project is not aligned with the Paris Agreement, despite MIGA's claims.

These guarantees would enable Standard Chartered to continue operating in fossil-intensive sectors and free up funds to expand #FossilGas or #CaptiveCoal lending, without addressing debt or local energy access.
"NOT PARIS-ALIGNED" in white letters. Green background. White boxes with black text: "Support for fossil fuels. The proposed guarantee will support trade finance and corporate loans of Standard Chartered Bank (SCB) subsidiaries in Pakistan, Ghana and Zambia. Through capital relief, it will also free up funds for SCB to expand its lending. Given the bank’s track record, the risk of these funds being used for more fossil gas, captive coal, or other fossil fuels is high." "No clear path to transition. The project provides no clear plan to help these countries meet their renewable energy and climate goals, or to address sovereign debt distress without deepening fossil fuel reliance. Without firm restrictions on fossil gas or a phase-out commitment from SCB, the guarantee risks locking countries into fossil dependency, undermining a just and sustainable transition."
November 4, 2025 at 11:39 AM
re-course.org
Standard Chartered has a history of supporting #FossilFuels, including Sankofa LNG & Kosmos Energy company in Ghana, and LNG projects in Pakistan.

The bank's track record speaks for itself: $37.9 billion invested in oil, gas & coal expanding companies from 2021 to 2024.
"Standard Chartered has a history of supporting fossil fuels. It invested $37.9b in oil, gas & coal expanding companies from 2021 to 2024." in white letters. Green background. Ghana and Pakistan map graphics with small red flags on the country. "Ghana. It has supported Sankofa LNG and Kosmos Energy oil & gas company" and "Pakistan. It has backed LNG projects and imports" in black letters.
November 4, 2025 at 11:39 AM
re-course.org
🚨 RED FLAG: The World Bank's guarantee agency, MIGA, is considering a guarantee for Standard Chartered Bank subsidiaries in Pakistan, Zambia & Ghana.

Amounting to $160 million, the guarantee could fuel more fossil gas expansion and undermine climate goals.

Details🧵 #EndFossilFinance #GasIsNotGreen
"STOP FUNDING GAS" in white letters. Red flag graphic. "MIGA Capital Optimisation Guarantee for Standard Chartered Bank in Ghana, Zambia and Pakistan; Total $160m; Disclosed 23 October; Board approval date 13 November" in white letters. White Africa and Asia map graphic with small red flags on the three countries. Green and blue background.
November 4, 2025 at 11:39 AM