Both ENDS
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.
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 time for change is now. Civil society demands international investment
frameworks that are aligned with economic justice, social and environmental
sustainability, and the needs of communities worldwide.
What opportunities will the Green Climate Fund (GCF) offer countries like Indonesia and Ghana? What decisions must be made now so that the money from the fund will reach the places it was intended for in the future? Since the UN decided to set up the Green Climate Fund in 2011, Both ENDS and several other NGOs from developing countries have been aiming to influence the way the fund is organized. This week, the ninth board meeting of the GCF will be held in Songdo, South Korea. Just like at earlier board meetings, Both ENDS is represented, this time in the person of Leonie Wezendonk. Along with Titi Soentoro from the Indonesian advocacyorganisation Aksi! and Ken Kinney of the Development Institute in Ghana, she traveled to
During the UNFCCC Climate Change Conference next week in Bonn, Both ENDS,Transparency International, Human Rights Watch and Carbon Market Watch will host the side event “Environmental and social accountability for results based finance - Lessons learned and ways forward’’. This event will discuss how lessons from International Financial Institutions can inform the design and operation of appropriate redress mechanisms for the Green Climate Fund and other private and public climate finance flows.
