Both ENDS
Friday 20 November 2009 - 17h30 - 19h30 - Het Nutshuis - The Hague.
A new global climate treaty, which aims to counteract further global warming, is set for December. The European Union is said to have great ambitions for this climate summit in Copenhagen. However EU member states, such as the Netherlands, annually invest billions of euros through the European Investment Bank (EIB) in environmentally unfriendly industries, like oil, gas and mining, in developing countries. How can the Netherlands achieve its sustainable goals and incorporate climate considerations into its investment decisions?
A broad coalition of Dutch companies, knowledge institutes and civil society organizations wants to work together with the new government to make a real difference in improving global food security. The main focus will lie on supporting farmers and consumers in the Netherlands and beyond, and promoting climate-proof food systems in low- and middle-income countries. The coalition believes that, with our knowledge, expertise, experience and reputation for international cooperation and trade, the Netherlands must adopt an ambitious strategy for making our food systems more sustainable, and so contribute to achieving the targets in the Paris Climate Accord and the Sustainable Development Goals.
New research by Both ENDS, Fossielvrij NL and urgewald shows that, in 2017, pension fund ABP invested 500 million euros more in coal, oil and gas than in the previous year – a total of 10.9 billion euros. These investments in fossil fuels not only stand in sharp contrast to ABP's claim that it has achieved substantial successes in its climate policy, but are also in flagrant violation of the Paris climate agreement. Unlike international forerunners among pension funds, ABP continues unabated to invest in the fossil energy sector.
A letter written by Both ENDS, co-signed by 350.org, Australia, Urgewald, Germany, Green Alternative, Georgia, and others, with comments to the AIIB's Energy Strategy Issues note. This strategy prioritizes large scale energy infrastructure, which fails to meet the energy needs of local communities.
The AIIB has the opportunity to champion financing green energy systems for future generations by leapfrogging the large energy infrastructure that rely on fossil fuels, plantations for biomass or dams.
The Netherlands is well on its way with the energy transition at home, but our country continues to encourage Dutch investments in fossil projects elsewhere. This is obviously not in line with the climate goals and, moreover, these kinds of projects cause major problems in the countries where they take place. What can a new cabinet do to reduce the Dutch footprint abroad? Ellen Mangnus discussed this with several experts: today part 2.
Last Friday, 29 May, it was announced that both the Fair, Green and Global Alliance (FGG) and the Global Alliance for Green and Gender Action (GAGGA) have been selected as two of the 20 potential strategic partnerships of the Dutch Ministry of Foreign Affairs for the 2021-2025 period. Both ENDS is pleased that the Dutch government is seriously considering extending its support to these networks, as they show that cooperation on the basis of equality between grassroots organisations and NGOs throughout the world can continue to bring about change in the position of women, in respect for human rights and in making trade chains and financing systems sustainable.
Last year at COP26, the Netherlands, alongside 38 other governments and institutions, committed to the Glasgow Statement on International Public Support for the Clean Energy Transition. By signing this statement, the Netherlands has committed to ending new direct public support for the international unabated fossil fuel energy sector by the end of 2022- a commitment it has yet to deliver.
With this letter, 20 civil society organisations call on the Netherlands to announce its implementation policies for the Glasgow Statement ahead of the Export Finance for Future (E3F) Summit on the 3 November. The E3F Summit is a critical opportunity for the Netherlands to uphold the commitments made in Glasgow last year, alongside all other E3F members.
The recent E3F transparency report highlighted that Netherlands insured 6x more fossil fuel transactions than renewables from 2015-2020, with 3 billion EUR in fossil fuel transactions compared to only 0.5 billion EUR in renewables. This demonstrates that a fossil-fuel exclusion policy for Dutch export support is urgent, and essential, to align the Netherlands with its Glasgow commitment and the Paris Agreement.
