Both ENDS
Since his previous government, prime minister Mark Rutte has wanted to create a green legacy with Invest-NL and Invest International, two new financial organisations. With the advent of the COVID-19 crisis, these organisations are more important than ever. Aiming to stimulate investment in sustainable and social projects, they will operate at a distance from the government so that they can act quickly and efficiently. With an initial budget of 2.5 billion euros, they will give financial support to companies active in sectors that the market avoids and which are at the heart of the transition. At Both ENDS, we see that as an essential step in closing the door for good on our old polluting lifestyle and putting sustainability at the centre of developments in the energy sector, in the organisation of our transport and mobility system, in how we produce our food and in the design of our cities.
The work of the partners of Both ENDS can be dangerous. The story of Odey Oyama, director of the Rainforest Resource Development Centre in Calabar, Cross River State in Nigeria, gives proof to this. Since a few weeks he is hiding. Just in time he heard – indirectly – that he is wanted, and three weeks ago the police suddenly invaded his house. Odey is afraid to return to his family. It seems that his work has engendered too much resistance[1]. He writes to us: "Absolutely without any warrant whatsoever, men and officers of the police forced their way into my residence on Sunday January 27th, 2013, through one of my bedrooms. Previously I had actually reported to the police that I was in need of protection by reason of some of the things I heard and perceived around. "
CSO reject EU policy reform that would legalize EU trade sanctions against developing countries, based on their migration policies. An important trade and development policy tool of the EU is the Generalized Scheme of Preferences (GSP), which allows developing countries to export goods to the EU at low or no tariffs. The current GSP Regulation is to expire end of this year.
Both ENDS letter to the World Bank on the Environmental and Social Safeguards policies review. The World Bank safeguards review is part of a reorganization that aims at making lending cost-effective with less rules in place, which likely entails an increase in the number of problem projects. The reorganization aims at making lending
more cost-effective, forms in place. Safeguards policies are of crucial importance for project affected people to hold banks to account. However, Environmental and Social Frameworks (ESF) nowadays replace safeguards at banks. The ESF model leads to a reduction of a Bank's direct and mandatory role in overview, including due diligence, monitoring, and evaluation, of Bank funded activities and investments, along with a shift towards a greater reliance on client self-assessment and self-reporting. Our main ask is a return to binding, rules-based safeguards policies at banks.
