Public development banks should not prop up the fossil fuel industry

In a recent interview with The Banker magazine, President of the European Bank of Reconstruction and Development (EBRD), Odile Renaud-Basso, stated “We must engage with the fossil fuel industry to meet the methane pledge”. While reducing methane emissions from the energy sector is undoubtedly an important part of keeping global temperature rise within the 1.5°C goal, ending methane emissions from this sector should be the urgent focus.