Both ENDS
October 10th the fifth board meeting of the Green Climate Fund took place, this time in Paris. The Green Climate Fund is an international fund set up and commissioned by the United Nations in order to help developing countries combatting the negative effects of climate change. Possibly, developing countries are granted with an amount of $100 billion a year! Although the financial support is very promising, opinions differ widely on how that money should be spent. Therefore Anouk Franck and Annelieke Duma of Both ENDS attended, along with Titi Soentoro of the Indonesian organization Aksi! and Jorge Daneri of M'Bigua from Argentina, to make sure that the money gets where it is most needed.
To ensure that everyone on the planet will be protected against the impacts of climate change, a lot of money will have to be made available. By now, most scholars do agree on this. All this money (ultimately about $ 100 billion per year) will be put into one large fund: the Green Climate Fund. But what's going to happen with all that money and who will benefit from it?
Together with civil society organisations from all over the world, the Fair Green and Global (FGG) Alliance aims for socially just, inclusive and environmentally sustainable societies in the Netherlands and the Global South.
In various countries in the Sahel, vast tracts of land have been restored by the local population by nurturing what spontaneously springs from the soil and protecting the sprouts from cattle and hazards.
Small grants funds offer an effective, alternative way to channel big money from large donors and funds to local groups and organisations that are striving for a sustainable and just society everywhere around the world.
Both ENDS and Oxfam Novib welcome the new SDG Loan Fund launched by FMO. The fund aims to invest more than a billion euros in loans to small and medium-sized enterprises in low- and middle-income countries, in the energy, inclusive financial services and sustainable agriculture sectors. At the same time, both organisations are concerned about the impact of money from the fund on normal people in future recipient countries.
The vast majority of climate finance is channelled to (and through) big institutions and large-scale projects, often without taking into account the wishes and interests of local communities. Both ENDS is working with diverse partners worldwide to address this problem, with a special focus on the Green Climate Fund (GCF).
