Sustainable Economic Systems

We aim to create a more environmentally sustainable and socially just world by transforming financial and economic systems. We work to redirect tax policies and public spending to make polluters pay for the costs of their pollution, and to drive the transition to a cleaner, low-carbon economy. At home and abroad, we advocate for policies that minimize environmental and social harm and fund a brighter future. In the United States, we strengthen regulations to encourage sustainability in financial markets and fight trade policies that allow companies to run roughshod over the environment and human rights. We also work with allies around the world to alter lending practices at financial institutions such as the World Bank, the U.S. Export-Import Bank and Wall Street banks that fund polluting activities and harm communities in developing countries.
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Latest News See All
U.S. allows financing for new oil project at IDB Group Board, contradicting climate policies

The U.S. government’s ineffective guidance on fossil fuel financing at MDBs reflects its unwillingness to rigorously act on climate

Biden Admin rolls out weak government-wide standard on overseas fossil fuel finance

Today, President Biden put forward a government-wide performance standard to apply to U.S. financing of overseas energy projects.

United States joins 20+ countries in committing to end international finance for oil, gas, and coal by end of 2022

Today the United States and 24 other countries and institutions from both developed and developing countries committed to end direct international public finance for unabated coal, oil and gas by the end of 2022 and prioritize clean energy finance.

  • Sustainable Economic Systems Tell U.S. to terminate its involvement with a deadly coal plant
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  • Sustainable Economic Systems Stop your tax dollars from funding fossil fuel projects overseas
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Impact Stories See All
Dirty Coal Plant Loses U.S. Funding
Dirty Coal Plant Loses U.S. Funding

Americans have made it clear: We want a cleaner future. This means investing in sustainable and efficient renewable energy at home and abroad.

Greening the Democracy Reform Movement
Greening the Democracy Reform Movement

In recent years, powerful partisan interests have weaponized these tools to block environmental and social justice progress. In response, Friends of the Earth is working to reform our democracy so that every voice is heard, equally.

Latest Blog Posts See All
The hidden flows of finance to fossil fuels: World Bank and IMF edition
The hidden flows of finance to fossil fuels: World Bank and IMF edition

The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade.

One Disaster After Another: Will EXIM Chairman Reed Ever Learn?
One Disaster After Another: Will EXIM Chairman Reed Ever Learn?

EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health.

Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds
Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds

The headline finding is that from 2016 to 2018 G20 countries provided an average of USD $77 billion a year in public finance for fossil fuels.

Resources See All
  • Letter to EXIM on refinery expansion in Indonesia
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  • Letter to EXIM on Malaysia petrochemical project
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  • Submission on the 2021 Development Policy Financing (DPF) Retrospective
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