Local organisations and groups must be given access to climate finance from the Green Climate Fund. They know exactly what is happening in their local context and what is required for climate adaptation.
The second session of our five part series on women's rights and climate finance, Gender Mainstreaming in Climate Finance Mechanisms, provided an overview of how gender equality has been mainstreamed into global climate finance mechanisms, including a deep dive on gender considerations under the Green Climate Fund by Liane Schalatek of the Heinrich Boell Foundation - North America.
Globally, the area that is suffering desertification and land degradation is ever expanding. Unsustainable and often large-scale agricultural practices, including the copious use of pesticides and fertilisers, are a major driver of land degradation, aprocess that is further exacerbated by climate change, causing more erratic rainfall patterns, longer periods of drought and unpredictable growing seasons. This is very problematic not only for the hundreds of millions of people who directly depend on land and water for their livelihoods, but also for life on earth as a whole. It is clear that this process must be stopped and reversed, better sooner than later. But how to go about it?
Dutch export credit agency Atradius DSB announced yesterday that it is to provide export credit insurance worth 1,5 billion euros to Dutch dredging company Boskalis for a controversial land reclamation project in the Philippines. According to Dutch and international organisations, including Both ENDS, CARE Netherlands, IUCN NL, Kalikasan PNE and Oceana Philippines, the award of export credit insurance for this project runs contrary to the Netherlands' ambitions in the areas of environment and corporate social responsibility (CSR).
Both ENDS and 95 other organisations* today sent a letter to State Secretary for Finance Marnix van Rij and Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher calling on them to implement the Glasgow Declaration in full. In this agreement, which the Netherlands and 33 other countries signed at the Glasgow climate conference, the signatory countries pledge to stop all public funding for fossil projects by the end of 2022.
Good news for the climate: last week, the European Investment Bank (EIB) decided to stop investing in fossil fuels by 2021. This is part of its new energy strategy.