De-risking for climate?: A closer look at the MIGA-supported investments on energy projects

The current WBG reform discussion is an opportunity for MIGA to align its policies and activities with the 1.5 °C goal of the Paris Agreement by quitting fossil fuel projects and instead channeling funds to facilitate the just energy transition. Towards this, the MIGA must: 

• Stop insuring fossil fuel projects, including fossil gas. Prioritise small-scale, distributed energy projects that ensure renewable energy access for women and communities living in poverty.

• Ensure transparency and accountability for guaranteed investments, including in renewable energy.

• Ensure that the rights of communities, especially women and other marginalized groups, are upheld and protected.