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.
Koussanar, in eastern Senegal, is a small town that is expanding rapidly, surrounded by villages still rooted in rural and nomadic life. The region is hot and dry, which is exacerbated by climate change. The soil in the region is also dry and often exhausted due to a combination of factors such as unsustainable agricultural practices, (peanut) monoculture, intensive agriculture, forest fires and overgrazing. Today, however, the region's farmers and nomadic pastoralists take a different approach. They are working towards a better future by committing to the restoration of degraded land using Farmer Managed Natural Regeneration (FMNR).
At first glance, a dam in Uganda and a paper mill in Brazil don't seem to have much in common. Nevertheless, both projects are financed by the European Investment Bank (EIB) and both projects have a significant impact on the environment and the local population. The European Union is said to have great ambitions for the climate summit in Copenhagen, to be held in December.
To ensure that everyone on the planet will be protected against the impacts of climate change, a lot of money will have to be made available. By now, most scholars do agree on this. All this money (ultimately about $ 100 billion per year) will be put into one large fund: the Green Climate Fund. But what's going to happen with all that money and who will benefit from it?
During the UNFCCC Climate Change Conference next week in Bonn, Both ENDS,Transparency International, Human Rights Watch and Carbon Market Watch will host the side event “Environmental and social accountability for results based finance - Lessons learned and ways forward’’. This event will discuss how lessons from International Financial Institutions can inform the design and operation of appropriate redress mechanisms for the Green Climate Fund and other private and public climate finance flows.
