Both ENDS
Everything is tradable, even the right to CO2 emissions. In the European Union this has been common practice for some years now. EU countries have agreed to a maximum amount of CO2 emissions, and this 'right' is divided amongst companies in EU countries that produce a lot of CO2. Theoretically, CO2 emissions should be reduced this way. But are they? Both ENDS, together with a number of other organizations, signed a letter calling to stop this system. Wiert Wiertsema, specialist on international capital flows, explains why.
A while ago our director Daniëlle Hirsch, along with Dutch Minister of Internal Affairs Lodewijk Asscher, chair of the board of The Broker Monika Sie Dhian Ho and director of The Broker Frans Bieckmann, formed the panel on ‘The Broker Day 2014’. Like the other panel members, she gave a speech in which she outlined her views on employment, inequality, the underlying macroeconomic problems and possible solutions. As we consider this speech worth reading, we’re happy to share it on our website.
Countries could be facing a wave of cases from transnational corporations suing governments over actions taken to respond to the Covid pandemic using a system known as investor-state dispute settlement, or ISDS. 630 organisations from across the world, representing hundreds of millions of people, are calling on governments in an open letter to urgently take action to shut down this threat.
‘The polluter pays’ is a good principle, but what about the institutions that financially support polluting companies and projects? Shouldn’t banks, that are often major investors in unsustainable activities, take their responsibility and pay as well? In the end, these banks also cash in. Pieter Jansen of Both ENDS contributed to research about the ‘Green Credit Policy’ of Chines banks, executed by the Chinese NGO ‘Green Watershed’. Pieter Jansen of Both ENDS and Chen Yu of Green Watershed have launched the report 'Green Credit Footprints of Chinese Banks'.
Minister Ploumen of Foreign Trade and Development Cooperation is visiting Brazil on a trade mission for the second time this year. On the government website she says: ‘for Dutch companies there are a lot of trade opportunities in Brazil. Foreign trade also creates domestic jobs.’ The Netherlands is one of the top 5 export partners of Brazil. But who profits from this solid trade relation in Brazil? To make the minister and her travel companions aware of this question, Both ENDS sent her a letter.
After five years of equivocation the European Commission has proposed a ‘roadmap’ for stepping-up EU action to address its contribution to global deforestation. Despite the escalating impact of EU trade in forest-risk commodities, regardless of repeated calls from the European Parliament for regulatory measures and contrary to the conclusions of the Commission’s own feasibility study in support of legislative intervention, the Commission has ruled-out out any new initiatives, let alone any legislative measures. The Commission’s solution to this complex problem: policy coherence.
