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.
Both ENDS letter to the Asian Infrastructure Investment Bank on the Environmental and Social Framework review.The AIIB adopted its Environmental Social Framework shortly after it opened for business in 2016. In fact, the AIIB didn't consult widely for the draft policy at the time. A full review in fact still has to be conducted.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.
Last June, Both ENDS published a report which showed clearly that, through export credit insurance provider Atradius Dutch State Business (ADSB), the Netherlands is supporting the fossil fuel sector on a large scale. Between 2012 and 2015, ADSB provided billions of euros in insurance and guarantees, on behalf of the State of the Netherlands, to fossil-related export projects. This support is completely out of line with the Paris Climate Agreement. On 20 June, members of parliament Lammert van Raan (PvdD) and Sandra Beckerman (SP) submitted questions to the State Secretaries for Finance and for Infrastructure and the Environment.
We’re only a few months away from the start of the World Cup festivities. For a period of four weeks, starting mid-June, the eyes of the world will be focused on 12 Brazilian football stadiums in which it will be decided which country may call itself World Champion Football for the coming four years. However, for a large number of people, there is little to celebrate. During the preparations for the big event people are evicted from their land and expelled from their homes to make way for stadiums, hotels and infrastructure. These people will have to a way to try to build up a new life somewhere else, without being adequately compensated for their losses.
Soy, sugar and wood - the Netherlands and Brasil are riding the wave. Thousands of ships transport millions of tons of merchandise from the Amazon to Rotterdam harbour every year. The Rio Madeira basin, one of the main waterways in the Brazilian rainforest, is threatening to become overwhelmed by the large roads, big dams, and new ports and polluting factories. This infrastructure is intended to stimulate export, but economic development here is fast becoming completely out of balance with social and ecological integrity. As a major trading partner of Brazil, what can the Netherlands do? Wednesday, September 30 from 17h30 - 19h30 Both ENDS is organising a Political Cafe at the Nutshuis in The Hague.
Both ENDS, the World Wildlife Fund and CDM watch are signatory to a letter sent to Secretary Joop Atsma of the Dutch Ministry of Infrastructure and Environment, drawing attention to the problem of surplus emission allowances. These allowances permit countries and companies to emit greenhouse gases and other harmful gases. Emission trading stems from the Kyoto Protocol that was drawn up in 1997 and will expire by the end of this year. Many countries have not used all their emission allowances and want to transfer them to the future. According to the three organizations this will be damaging: new investments in climate-friendly development will lose urgency for many countries.
