Both ENDS
Many countries heavily support fossil fuel investments abroad through their export credit agency (ECA). This contributes to carbon lock- in, whereby companies or even countries commit themselves to a certain amount of greenhouse gas emissions for the lifetime of the infrastructure — oftentimes years or even decades. This seriously delays the transition to renewable energy sources, and is certainly not in line with Art. 2.1c of the Paris Agreement.
Highlighting the impacts caused by export finance in the global South, this side event will provide concrete recommendations to decarbonize export credit agencies.
This paper by Prakriti Resources Center (Nepal) sheds light on the gender and climate change nexus, gender mainstreaming as a tool to address gender inequality, gender and climate change policy landscape both at international and national level, gaps and way forward.
In October this year, the Dutch government published a policy to implement the COP26 statement in which it promised to stop public finance for fossil fuel projects abroad by the end of 2022 . In spite of this pledge, the Netherlands is considering granting an export credit insurance to a floating production storage and offloading (FPSO) vessel that will be used to produce oil and fossil gas in Brazil for a period of 30 years.
Today, 122 civil society groups are releasing letters to eleven government signatories to the Glasgow Statement on International Public Support for the Clean Energy Transition, laying out the actions they must take as soon as possible to meet their commitment. In this joint statement at COP26, 35 countries and 5 public finance institutions committed to end their international public finance for 'unabated' fossil fuels by the end of 2022, and instead prioritise their "support fully towards the clean energy transition."
Amsterdam, Copenhagen 22 June 2020 – In these times of increasing climate crisis, corporate social responsibility also means that investments in fossil gas must be phased out as quickly as possible. In a world in which a maximum temperature rise of 1.5 Celsius is the norm, fossil gas cannot be a 'transition fuel' towards sustainable energy. This is the message from five European environmental organisations (Both ENDS, the Danish AnsvarligFremtid, Fossil Free Sweden, Fossil Free Berlin and the Italian Re:Common) to pension funds in their countries that still invest in fossil gas companies. They are promoting that message with a new campaign called "Gas Free Pensions", which is being launched today.
In 2019, Karambot Women's Agriculture Group (Nepal) convinced their municipality to fund its proposed irrigation plan, after they followed a planning and budgeting training.
We are delighted that the Dutch Postcode Lottery has approved our proposal to support an extra project to the tune of 1,380,000 euros! The proposal, for an Autonomy and Resilience Fund (ARF), was submitted by the Global Alliance for Green and Gender Action (GAGGA), which comprises the Fondo Centroamericano de Mujeres (FCAM), Mama Cash and Both ENDS. With the ARF, GAGGA works with Small Grants Funds to help local women's groups become resilient in a changing world in which it is increasingly difficult for them to hold their heads above water. The award of this large sum of money means an enormous boost for many women's organisations, and this is badly needed at a time when economic, climate and health crises are constantly putting the resilience of women, their communities and their living environments around the world to the test!
