Both ENDS
Mid May, I read about the expected – yet still shocking – implications of the radical shift to the far-right in the Netherlands. The current coalition agreement includes measures previously adopted by other European countries with similar election outcomes, leading to a curtailment of democratic freedoms, an inward focus, and attempts to limit the role of civil society. With the European elections on the horizon and another rightward shift anticipated, it is more important than ever for philanthropy to join forces in advancing a just climate transition, promoting democratic values, and ensuring all voices are heard.
Together with 29 other CSO's, we've submitted our comments and recommendations in the Public Consultation on the AfDB Integrated Safeguards System. These include that the Bank should prioritize community-led development and human rights-based approaches; protect natural resources and tackles environmental and climate crises; raise the bar on access to information, transparency and accountability; facilitate participatory processes in policies, programmes and projects; and end inequality, poverty, and the cutback and privatization of vital services.
In a new Position Statement on Financial Intermediary (FI) Lending, Dutch development bank FMO argues for limited responsibility over the outcomes investments that are channeled through commercial banks, investment funds, and other financial intermediaries, representing by far the bigger sector of its portfolio. In doing so, FMO is undermining its development mission, including the protection of human rights and addressing the climate crisis. FMO intends to delegate these key responsibilities to its FI clients only, falling short of best practices of peer financial institutions. In a joint submission prepared by Both ENDS, Oxfam Novib, Recourse and SOMO, we argue that FMO can do much more to ensure the protection of human rights, the environment, and to measure the development impact of its indirect investments.
A recent study by Profundo for Both ENDS and Oxfam Novib shows that investment in agroecology is necessary for a sustainable and inclusive global food system. Today, some 768 million – one in ten – people suffer from hunger or a severe shortage of food on a daily basis. Conflict, economic stagnation caused by the Corona epidemic, and the climate crisis present an immediate threat to the production of and access to sufficient nutritious food. Agroecology, a form of agriculture that places small-scale farmers, the natural environment and short supply chains at the centre of food production, makes communities in developing countries more resilient and helps them combat hunger. The study concludes however that major donors, including the Netherlands, are so far providing insufficient support for agroecology.
In this time of crisis-driven reflection we can read telling analyses of past and present on all sides which are being translated into agendas for action. Many of the analyses address issues like inequality, climate, the financial sector, health care, education and women’s rights. They talk about ‘what’ and much less about ‘who’ or ‘how’.But a different future can only be built together with everyone, young and old, men and women. This future will not simply happen to us; we ourselves have a hand in it. It is time for new faces around the table, with new voices. It is time for a new future.
Since the signing of the Paris Climate Agreement, rich countries have provided almost 50 times as much export support for fossil fuel related projects as for clean energy projects in four African countries. This is the conclusion of a report written by five environmental organisations from Ghana, Nigeria, Togo and Uganda, in cooperation with Friends of the Earth Netherlands and Both ENDS. The rich countries insured energy projects with a total value of 11 billion US dollars through their export credit agencies (ECAs). More than half of this export support is related to fossil fuels. Only 1% went to sustainable renewable energy.
