Corporate abuses remain a reality in extracting transition minerals, while companies lack strong policies to protect human rights. The latest Energy Finance Tracker developed by the International Accountability Project highlights the dangerous distractions and harmful investments by the Multilateral Development Banks (MDBs) and corporations. The report calls for robust monitoring of energy finance trends to demand a community-led and, just and equitable energy transition. Take advantage of the report's recommendations and our latest contribution on Corporate Accountability to the UN Special Rapporteur on Human Rights and Climate Change.

In Bonn, we are also centering the frontline communities’ perspectives on a truly just and equitable energy transition to ensure accountability and justice in addressing loss and damage and climate reparations grounded in human rights.

The rapidly worsening climate crisis falls in the hands of wealthy countries and corporations. The impacts of climate change and false solutions are felt most acutely by historically oppressed and subjugated groups like women, Indigenous Peoples, and children. REDD+, geo-engineering, carbon capture mechanisms, biofuels, and hydro dams – often touted as ‘climate solutions’ – exacerbate the existing global crises. They facilitate land grabs, resource plundering, and forced displacement. Our members are at the Bonn conference to question the current approach to international climate policy and call for accountability and justice.

The Global North countries have continuously failed to provide 100 billion USD in climate finance yearly. They are increasingly sliding away from their historical obligations of providing climate finance based on the principle of ´Common But Differentiated Responsibilities and Respective Capabilities´ (CBDR-RC). ESCR-Net members shed light on this issue in the brief analysis and reflection on the COP28 outcome.