Both ENDS
The world has to stop using fossil fuels, but investment in the sector continues unabated. Investors of all kinds, including banks, insurance companies and pension funds, are hesitant about making the change to sustainable energy and are not sure where to start. In the autumn of 2019, together with the DivestInvest Network and Sustainable Energy (Denmark), Both ENDS published a report entitled ‘Managed Decline of Fossil Fuel Businesses’. The report describes five criteria to test whether companies in the fossil sector are actively taking steps to wind down their fossil activities. The criteria are helping investors to choose investments that are in line with the Paris goal of restricting global warming to a maximum of 1.5 degrees Celsius. We spoke to Lars Jensen, Senior Analyst at Sustainable Energy and lead author of the report.
Good news for the climate: last week, the European Investment Bank (EIB) decided to stop investing in fossil fuels by 2021. This is part of its new energy strategy.
Amsterdam, 23 September 2019 - The world's 5th largest pension fund, with assets of over €430 billion, Dutch ABP is continuing to invest in companies that are on a collision course with the Paris climate goals, such as coal and oil companies.
On Thursday November 7th, a group of European NGO's including Both ENDS, sent a letter to Vice-President of the EU Frans Timmermans, in which they ask him to support the phase out of European Investment Bank’s fossil fuel financing by the end of 2020.
The EU is still one of the world’s largest importers of deforestation: EU demand for commodities like soy, palm oil, beef, coffee and cacao requires millions of hectares of tropical rainforest to be cleared. This deforestation has significant biodiversity and climate impacts, and is often linked to human rights violations and violence against local communities and indigenous peoples. Both ENDS and partners have been actively lobbying the EU Commission to adopt a robust action plan to address and prevent human rights violations and deforestation ‘embodied’ in EU imports of agricultural commodities.
Tidal rivers in the southwest coastal area of Bangladesh have been dying since flood plains were replaced by Dutch-style polders in the 70s. Rivers are silted up, and during monsoon season water gets trapped within embankments. Every year, this situation of waterlogging inflicts adverse consequences particularly on women, as they take care of the household in waterlogged conditions in the absence of men who travel to the city in search of temporary work. NGO Uttaran is advocating for a change in policy and practice.
The impacts of climate change are largely mediated by water. Changes in precipitation and glacial melt patterns, variations in river flow, increased occurrence of droughts and floods, and sea level rise all impact both urban and rural communities in developed, emerging, and especially developing countries. The book:'Adaptation to Climate Change through Water Management: Capacity, Equity and Sustainability' presents evidence of the emerging wealth of knowledge and experience on adaptation to climate change from across the world. It identifies common barriers and bridges for local adaptation to climate change through water resources management, looking at adaptive capacity, equity, and sustainability.
