Both ENDS
The European Investment Bank (EIB) will clean up its act regarding coal plants. In recent years, the bank invested around 2 billion euro’s in polluting power plants which emit huge amounts of CO2. The EIB, which had a total capital base of 242 billion at the end of 2012, is doing business in 150 countries outside Europe.
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.
By Daniëlle Hirsch and Maria van der Heijden
The social debate on the Netherlands' role in the global economic crisis is now in full swing. At the centre of the debate is the question: how can we compensate for the setbacks affecting the Dutch economy without losing sight of efforts to make international trade and production chains more sustainable? We – Both ENDS and MVO Nederland (CSR Netherlands) – are particularly concerned about what we hear in these discussions about human rights, climate and the environment. That these are 'luxury problems' which we have no time to address at this time of crisis. And this, while the Corona crisis is showing us just how closely our current economy is irrevocably intertwined with the pollution of the planet and is making people all around the world more and more vulnerable. In short, we have to make our economy more resilient to such shocks. And that means committing ourselves to achieving the Sustainable Development Goals (SDGs) and the goals of the Paris climate agreement. We therefore address ourselves first and foremost to the government.
The climate debate in the Netherlands is bogged down in what we can change at home and does not touch on our actions abroad. And that is a missed opportunity. Precisely because our international trade model is both so influential and, at the same time, such a widespread cause of pollution, changes in that policy can have an immediate effect.
This week, from 12 until 16 February, fourteen indigenous leaders and human rights defenders from forest countries came to the Netherlands to call upon Dutch policy makers to take serious action against human rights abuses, land grabbing and further deforestation in relation to large scale agriculture, timber logging and mining. The Dutch harbours of Rotterdam and Amsterdam receive enormeous amounts of soy and palm oil, both for the Dutch market and for further transport into Europe and elswhere.
"How many layers of clothing are you wearing? One? No, that's not enough. You should wear your ski pants over your jeans, and change your shoes for snowboots." And there you are, on day 1 of your trip to Mongolia. I had already heard that Mongolia is very cold at the end of November, and with -22 degrees that seemed to be all true.
At the end of last week, oil and gas company Total announced that, through its export credit insurer Atradius DSB, the Dutch government is participating in a funding package for a controversial gas extraction project in Mozambique. The project, in which various Dutch and foreign companies are involved, is having a deep impact on the local population and the natural environment in the area. Which Dutch companies the government will be insuring is not yet clear.
