Both ENDS
According to European Union rules, 10% of agrofuel should be added to every litre of petrol or diesel in 2020. However, current agrofuels like palm oil, soy and rapeseed are no better for the environment.
Many countries heavily support fossil fuel investments abroad through their export credit agency (ECA). This contributes to carbon lock- in, whereby companies or even countries commit themselves to a certain amount of greenhouse gas emissions for the lifetime of the infrastructure — oftentimes years or even decades. This seriously delays the transition to renewable energy sources, and is certainly not in line with Art. 2.1c of the Paris Agreement.
Highlighting the impacts caused by export finance in the global South, this side event will provide concrete recommendations to decarbonize export credit agencies.
We are deeply disappointed and frustrated that the Dutch government has not submitted its National Biodiversity Strategy and Action Plan (NBSAP) for the CBD COP16 in Cali. This disregard for international agreements undermines the concerted global effort to address the urgent biodiversity crisis.
