Both ENDS
How can companies be stimulated to use cleaner production methods and reduce the emission of greenhouse gases? In Europe the answer was thought to be found in a system called the ‘EU Emissions Trading Scheme (EU ETS)’, implemented in 2005. Within this system, European companies get a fixed maximum number of ‘emission rights’ which they may either use themselves or sell to other companies – for example in case they emit less than they’re permitted to. Unfortunately the system has only had contrary effects, which is the reason why many organisations including Both ENDS, want it to stop immediately.
Friday the 3rd of July Both ENDS facilitates a CERES Summer School workshop on the Impact and Drivers of Biofuel Production. Session 1 from 10.00-12.00h and session 2 13.30 - 15.30h are held at the Spinoza Building of the Radboud University in Nijmegen.
Currently, the board members of the UN-backed Green Climate Fund (GCF) are meeting in Indonesia. It is the sixth board meeting since its establishment in 2011: the members, coming from 12 Western and 12 Southern countries, meet every three or four months to discuss what should be done with the huge sum of money (up to $ 100 billion a year!) that is going to be made available by the international community for climate projects in developing countries. Both ENDS, together with a group of delegates from various Southern organisations, has attended every board meeting so far.
October 10th the fifth board meeting of the Green Climate Fund took place, this time in Paris. The Green Climate Fund is an international fund set up and commissioned by the United Nations in order to help developing countries combatting the negative effects of climate change. Possibly, developing countries are granted with an amount of $100 billion a year! Although the financial support is very promising, opinions differ widely on how that money should be spent. Therefore Anouk Franck and Annelieke Duma of Both ENDS attended, along with Titi Soentoro of the Indonesian organization Aksi! and Jorge Daneri of M'Bigua from Argentina, to make sure that the money gets where it is most needed.
A coalition of NGOs today launched the Financial Exclusions Tracker, a new website that tracks which companies are being excluded by investors and banks for sustainability reasons. Most excluded corporations are barred due to links to fossil fuels, weapons or tobacco.
