It can be hard to establish small-scale adaptation projects in developing countries, because governments, development banks and donors generally prefer to finance larger initiatives. Of course, a single large project is more visible and easier to manage than ten small ones. But it is extremely important that the very small-scale initiatives, which are based on the knowledge and needs of local communities, are supported. How can we ensure that these - often very effective - local projects find their way to the appropriate funds and vice versa?
The European Investment Bank (EIB) has published its new policy for energy investments. In the new draft policy, the bank states to stop investing in fossil fuel related projects from 2020. This is good news for the climate, so Both ENDS and partners are happy with this draft policy. The shareholders of the bank, the member states of the European Union, still have to approve it.
On the 14th of April, Both ENDS wil host a workshop called 'Small Grants, Big Impacts' on the annual Africa day in Amsterdam. The workshop aims to demonstrate that so called 'small grants funds' effectively deliver (devopment and climate) money where it matters, to people that need it the most. Large development banks, funds, donors and governments could use small grants funds as alternative financing mechanisms to make sure their money benefits people and their environment now and it the far future.
Both ENDS organised a Political Cafe in The Hague on Friday, 20 November in anticipation of the climate summit in Copenhagen. Here, Both ENDS and its Southern partners, GAMBA and NAPE took an in-depth look at the European Investment Bank's (EIB) investments. To what extent do they take the impacts of climate change into account? And, how consistent is their climate policy compared with the ambitions that the EU has for Copenhagen?