Both ENDS
Today is International Women's Day. A day originating from women's strikes against poor working conditions in the textile industry, some 100 years ago. Since then, a lot has improved for women but, unfortunately, men and women obviously still don’t have equal rights. In 1949, Simone de Beauvoir already warned that ‘women’s rights will never be vested. You have to stay vigilant your whole life’. Recent developments such as the tightening of abortion laws in some countries confirm this view and show that even in the ‘free West’ women’s rights are still far from self-evident.
The World Bank, an institution that aspires to achieve global sustainable development, now wants to position itself as an environmental bank. This role does not seem like a natural fit and is inconsistent with the implementation of its policies. So, for example, its climate investment funds' criteria are not ambitious enough to realise a transition to (real) renewable energy.
“The fires have reached proportions we have never experienced before.”
Large swathes of South America are currently draped in smoke. From Buenos Aires, to São Paulo to Asunción people struggle to breathe due to unprecedented fires raging on the continent, fuelled by extreme drought, the expansion of the agriculture frontier and rising temperatures linked to climate change.
The Dutch development bank FMO and the Finnish FinnFund announced this week that they are seeking ‘a responsible and legal exit’ from the Agua Zarca project in Honduras. Last week, it was reported that four suspects had been arrested in connection with the murder of human rights activist Berta Cáceres, who opposed the project for many years. One of those arrested is the manager for social and environmental affairs of DESA, the company implementing the Agua Zarca project. Because the company is a direct client of FMO and FinnFund, the banks consider the arrest good reason to take action.
