Both ENDS
Ten years after the start of the construction of the Nam Theun 2 dam in Central Laos, it is clear that this mega project has disastrous impacts on people and their environment. The project - originally the flagship of the World Bank, the Asian Development Bank (ADB) and the European Investment Bank (EIB) - did not achieve its intended development goals. In a press release which was sent out this week, Both ENDS and partner organisations call on these multilateral banks to withdraw from large scale hydro dams such as Nam Theun 2. The dam, which became operational in 2010, has profound negative effects on local communities, while they do not benefit from it.
In April 2021, the Dutch development bank FMO announced that it is no longer involved in the Barro Blanco project, a controversial dam in Panama. GENISA, the Panamanian company that built the dam, unexpectedly paid off the multi-million dollar loan early. The question is to what extent, now that the bank is no longer actively financing the project, FMO can still be held responsible for the damage and suffering that was caused when this was still the case.
From 17 to 28 August, governments gathered in Ulaanbaatar, Mongolia, for COP17 of the UN Convention to Combat Desertification (UNCCD). At stake was more than how the world responds to land degradation and drought. It was also a question of who gets to shape land restoration, whose knowledge counts, and where the money goes.
Both ENDS saw a lot of positive changes happen in 2010. Governments, research institutions, NGOs and businesses have a growing focus on 'green' strategies. Still, sustainability is not a matter of course in the current global economy. In order to reach that goal, a lot of work still needs to be done. Both ENDS intends to continue its work and efforts and show that change is possible. Many small steps can make great change. For more details on our activities in 2010 take a look at our Annual Report.
