The Netherlands and Europe are investing far too much in gas pipelines and storage facilities. The number of gas pipelines is already enough to meet the demand for gas. The planning and construction of pipelines (financed with European funds) that have to transport gas from Russia, Central Asia and North Africa to Europe and the Netherlands is getting out of hand. The current capacity for transport and storage in both the Netherlands and Europe is enough to meet European demand until 2050. Therefore, the 'gas hub' that was built for liquefied gas in Rotterdam is unnecessary. This is one of the conclusions of the report "The Price of Gas" that was commissioned by Both ENDS.
The government provides an average of 1.5 billion euros a year in export support for fossil projects by Dutch companies, in the form of insurance and guarantees. The climate crisis requires that the Netherlands and other countries stop providing export support for fossil energy projects, whether it be coal, oil or gas, before the end of this year.
New website shines a light on the extent of export credit agencies' support for fossil fuels
Each year governments provide tens of billions of dollars in financial support to fossil fuel projects via export credit agencies (ECAs). Today, 18 civil society groups from 14 countries are launching a new website to shine a spotlight on how ECAs are undermining global climate goals. In advance of the November UN climate conference, the organisations are calling on governments around the world to end public financial support for coal, oil and gas projects, including support from ECAs. Ending this support and redirecting financial resources to sustainable alternatives is essential for a just energy transition.
FMO's new position statement on fossil fuel investments commits to ending new direct finance in the downstream and midstream coal and oil sectors, whilst still allowing for investments in gas-fired electricity generation under exceptional circumstances only. Both ENDS welcomes this development as a step in the right direction.
By 2020, all EU countries must blend 10% of their transport fuels with renewable energy. In practice, these are mostly biofuels. Minister of State Joop Atsma is now trying to reach this percentage by 2016, even though a lot of studies show that biofuels made out of agricultural crops decrease food provision and cause deforestation. Four civil society organisations, including Both ENDS, are asking the Dutch Parliament to try and halt the Minister of State.
Communities in the Niger Delta have been affected by air and water pollution due to Shell's activities for decades. This year, at Royal Dutch Shell's annual meeting, Kebetkache Women's Resource and Development Centre held Shell accountable for the consequences of their activities. Clean-up of oil spillages and ending gas flaring is becoming even more urgent in the fight against COVID-19, in which clean water is crucial to prevent the spread of the virus.
The Netherlands provides export credit insurances and guarantees worth 1.5 billion euros annually to Dutch companies active in the oil and gas sector abroad. This support amounts to one and a half times the annual amount that the Cabinet of Prime Minister Rutte mobilises for climate initiatives worldwide. The intended effects of Dutch international climate policy are more than offset by this fossil export support. That is the conclusion of a new report from Both ENDS which is published today.