Both ENDS
Yesterday, the World Bank Global Environment Facility announced at a meeting of African leaders in Chad to devote 96 million Euros to the "Great Green Wall of the Sahara" initiative: a barrier of trees 7000 kilometer long and 15 kilometer wide which will be planted across 11 African countries, from Senegal to Djibouti. This Green Wall will have to slow down wind erosion and enhance rainwater infiltration. The idea for this Wall emerged five years ago. In July 2005, President Obasanjo, President of the Federal Republic of Nigeria, proposed to the Fifth Ordinary Summit of the African Union (AU), an initiative for the establishment of a "Green Wall for the Sahara". At the time, the Heads of State requested the African Union Commission (AUC) to facilitate its formulation and implementation. However, because of lackof funds implementation had not yet begun.
Together with environmental justice groups from the Global South, Both ENDS works towards a sustainable, fair and inclusive world. Both ENDS gathers and shares information about policy and investments that have a direct impact on people and their livelihood, we engage in joint advocacy, we stimulate the dialogue between stakeholders and we promote and support sustainable local alternatives.
To address the climate crisis we need to urgently transition away from fossil fuels towards clean, renewable energy. However, this transition is not only about changing energy sources. It requires an inclusive and fair process that tackles systemic inequalities and demanding consumption patterns, prioritizes environmental and social justice, and which does not repeat mistakes from the past.
The world has to stop using fossil fuels, but investment in the sector continues unabated. Investors of all kinds, including banks, insurance companies and pension funds, are hesitant about making the change to sustainable energy and are not sure where to start. In the autumn of 2019, together with the DivestInvest Network and Sustainable Energy (Denmark), Both ENDS published a report entitled ‘Managed Decline of Fossil Fuel Businesses’. The report describes five criteria to test whether companies in the fossil sector are actively taking steps to wind down their fossil activities. The criteria are helping investors to choose investments that are in line with the Paris goal of restricting global warming to a maximum of 1.5 degrees Celsius. We spoke to Lars Jensen, Senior Analyst at Sustainable Energy and lead author of the report.
Almost two-thirds of the export credit insurances that Atradius DSB provided in the 2012-2018 period went to the fossil energy sector. That is contrary to the climate agreements that the Netherlands signed in Paris.
