Both ENDS
"My idea of 'good' is that people can make decisions about their own development; that they are able to decide what happens to their environment. That we all respect the boundaries of our ecosystems and that women, just like men, are able to develop in the way that they want". Daniëlle Hirsch is responding to a question from the audience where she just gave a lecture on her views for a future sustainable economy.
A large part of earth's surface is covered by dry areas: some 40%, in fact, and over two thirds of Africa. Most of the poorest people on earth, some 70% of the undernourished - over 600 million people - live in these areas. Funding and initiatives to fight desertification and other forms of land degradation and to improve food productivity are of vital importance. However, there seems to be no urgency to do so within the international development cooperation world.
Thanks to the negotiations about TTIP, the public debate about bilateral investment treaties (BITs) is slowly underway. Especially the ‘Investor-to-State Dispute Settlement Mechanism’ (ISDS) of TTIP threatens to lower the norms to protect people and the environment. BITs make use of very controversial arbitrage systems (ISDS), which enable investors to bypass the national court to sue governments for their national policies and laws.
Currently, on the initiative of China, the Asian Infrastructure Investment Bank (AIIB) is being set up. As the ‘Chinese alternative to the World Bank’, AIIB will focus on financing large-scale infrastructure projects in Asia. The bank promises to be ‘lean, clean and green’, or in other words: non-bureaucratic, non-corrupt and environmentally friendly. Nevertheless, civil society organisations fear there will be disastrous consequences for local populations and the environment, considering China’s poor track record in these areas. In a letter to AIIB and in a press release, our partner 'NGO Forum on ADB' calls on the bank to develop strong safeguards.
As negotiations were held by European policymakers today about a possible capital increase of the European Investment Bank (EIB), a press release was issued by Counter Balance: a coalition of Both ENDS and European NGO's that monitor the EIB. As long as it's not clearly evident where the loaned money goes and no conditions are set for advancing the support of sustainable projects, the EIB is not ready for such an expansion according to the involved organisations.
