Both ENDS
More than 20 NGOs co-signed a statement expressing their concern on the accreditation of Deutsche Bank as implementing partner of the Green Climate Fund. The signatories, including Both ENDS are disappointed about the lack of transparency of the accreditation.
Six out of nine planetary boundaries have been crossed (Stockholm Resilience Centre) and the Intergovernmental Panel on Climate Change says that the world is likely to breach global temperature of 1.5 degrees above pre-industrial levels between now and 2027. COP28 is the moment of the first Global Stocktake, which means the assessment of where we are at in reaching the goals of the Paris Agreement.
The climate debate in the Netherlands is bogged down in what we can change at home and does not touch on our actions abroad. And that is a missed opportunity. Precisely because our international trade model is both so influential and, at the same time, such a widespread cause of pollution, changes in that policy can have an immediate effect.
Last week, Shell reported that it officially completed the sale of its on-shore oil assets in the Niger Delta, leaving behind a vast oil pollution caused by 70 years of oil extraction in the region.
Both ENDS calls on the government only to provide export credit insurance to sustainable projects that cause no social and/or environmental damage in the countries where they take place.
At the core of the Fair, Green, and Global (FGG) Alliance’s mission is the commitment to building a just and sustainable world. As members of this alliance, Both ENDS, SOMO, and the Transnational Institute (TNI) recognise the urgent need to reimagine global investment frameworks. These frameworks, entrenched in outdated treaties such as Bilateral Investment Treaties (BITs) and the Energy Charter Treaty (ECT), often prioritise corporate profits over human rights, environmental sustainability, and social justice.
After a busy week filled with side-events, meetings, negotiations and covid, our colleagues Daan and Niels are back in the office in Utrecht. Together, they look back to their expereiences and results during the climate conference COP27 in Egypt.
The network of international trade and investment treaties is large and complex. The Netherlands alone has signed more than 70 bilateral investment treaties (BITs) and is party to the trade and investment agreements concluded by the EU, like the EU-Mercosur and EU-Indonesia trade deals.