Amsterdam, 3 February 2020 - A step forward, but oil and gas remain a blind spot in Dutch pension fund ABP's new investment policy published today. That's what environmental organisations Both ENDS, Fossielvrij NL, Greenpeace Netherlands and urgewald say in response to the new climate policy of the EU's largest pension fund, with assets over 442 billion euros. Although ABP is taking first steps to invest sustainably, more is needed to stop the climate crisis.
The world has to stop using fossil fuels, but investment in the sector continues unabated. Investors of all kinds, including banks, insurance companies and pension funds, are hesitant about making the change to sustainable energy and are not sure where to start. In the autumn of 2019, together with the DivestInvest Network and Sustainable Energy (Denmark), Both ENDS published a report entitled ‘Managed Decline of Fossil Fuel Businesses’. The report describes five criteria to test whether companies in the fossil sector are actively taking steps to wind down their fossil activities. The criteria are helping investors to choose investments that are in line with the Paris goal of restricting global warming to a maximum of 1.5 degrees Celsius. We spoke to Lars Jensen, Senior Analyst at Sustainable Energy and lead author of the report.
Photo Blog - Like many communities in Indonesia, life in Semanga Village, West Kalimantan, revolves around a river. The 90 or so houses follow the curving bank of the Sambas River, each with a path down to a small pontoon where fishing traps and baskets are stacked and boats are tied.
We have already defined our own Green New Years resolutions!
Earlier this month, the seven men found guilty of the murder of Berta Cáceres were sentenced to jail for periods between 30 and 50 years. The court confirmed its opinion that Berta Cáceres was murdered for her role in defending the rights of the indigenous Lenca communities.
At the end of November, the organisations WALHI South Sulawesi (part of Friends of the Earth) and Both ENDS filed a formal complaint with the Dutch export credit agency Atradius DSB. Despite the warnings from local communities for the negative consequences of a land reclamation project in the bay of Makassar, Atradius DSB advised the Dutch government to provide dredging company Boskalis with insurance for the execution of the project. The consequences for the fish stock, the beach and the lives of thousands of small-scale fishermen and their families are severe. Atradius DSB has not sufficiently investigated these harmful consequences beforehand.
On Wednesday December 4th 2019 Both ENDS together with Heinrich Böll Stiftung from he US organises a side event at the UNFCCC COP in Madrid: Can the GCF Catalyze Inclusive, Gender-Responsive Local Climate Action Globally and in Latin America?
No fewer than 55 NGO's, foundations and associations, many of whom do not normally deal primarily with climate change, express their concern about the dangers of climate change for everyone and everything in the statement 'The climate belongs to everyone'.
They call for urgent action and support the international Climate Strike taking place this Friday, November 29. In cities all over the world, young and old will take to the streets again. In the Netherlands too, climate strikes will be organised in many cities.