Both ENDS
The U.S. is not always in the front line when it comes to the protection of human rights and the environment in developing countries, but there are exceptions. The Netherlands has recently joined the ‘climate initiative’ of President Obama, which aims at ending the public funding of coal plants. But the U.S. is going even further than that: under the ‘Appropriations Bill’, U.S. directors at international financial institutions have to vote against projects that support large dams and industrial logging or mining projects in tropical forests. We are calling on Dutch Minister Ploumen to follow the U.S. example!
Global public support for coal is decreasing. Obama has pledged to stop American support for public financing of new coal plants outside the U.S., the World Bank has announced to phase out support for coal projects and some large private banks are withdrawing from fossil fuels. But what about export credit agencies (ECAs)? Until now, ECAs have not withdrawn from coal projects. On the contrary: while other investors gradually cease their support to coal projects, export credit agencies are investing in coal more than ever. On June 11, an alliance of 50 NGOs, including Both ENDS, published a recommendation to the OECD calling for an end to export credit support for coal.
Development banks such as the World Bank, the Asian Development Bank, the German DEG and the Dutch FMO have some crucial similarities: they operate with public money, and their ultimate goal is to fight poverty and promote development. But in practice, 'development' seems to be a broad concept, as there are many people that do not profit from the projects these banks invest in. On the contrary, large groups of people are often faced with negative consequences of the investments of development banks. Under pressure from civil society organisations, including Both ENDS, a number of development banks set up a complaint desk for those that are adversely affected.
Thanks to the negotiations about TTIP, the public debate about bilateral investment treaties (BITs) is slowly underway. Especially the ‘Investor-to-State Dispute Settlement Mechanism’ (ISDS) of TTIP threatens to lower the norms to protect people and the environment. BITs make use of very controversial arbitrage systems (ISDS), which enable investors to bypass the national court to sue governments for their national policies and laws.
‘The polluter pays’ is a good principle, but what about the institutions that financially support polluting companies and projects? Shouldn’t banks, that are often major investors in unsustainable activities, take their responsibility and pay as well? In the end, these banks also cash in. Pieter Jansen of Both ENDS contributed to research about the ‘Green Credit Policy’ of Chines banks, executed by the Chinese NGO ‘Green Watershed’. Pieter Jansen of Both ENDS and Chen Yu of Green Watershed have launched the report 'Green Credit Footprints of Chinese Banks'.
This week several Both ENDS colleagues visit Tweede Kamer der Staten-Generaal to meet Christine Teunissen and Luc Stultiens with partners from Mozambique, Indonesia and the Filippines to talk about the destructiveness of dredging worldwide and especially in projects with the aid of the Dutch government.
Read their plea
At COP31, Both ENDS advocates for climate finance that reaches women-led and community-based organisations at the forefront of climate action, while challenging the economic rules that obstruct the transition away from fossil fuels. Together with partners in the Global Alliance for Green and Gender Action (GAGGA) and the PAPeS programme, we push for locally led adaptation, gender-just climate action and greater accountability for governments and companies.
We asked our colleagues Daan Robben and Fernando Hernandez why they are going to COP31, what messages they want to bring to negotiators, and what a positive outcome would look like.
