The European Investment Bank (EIB) has published its new policy for energy investments. In the new draft policy, the bank states to stop investing in fossil fuel related projects from 2020. This is good news for the climate, so Both ENDS and partners are happy with this draft policy. The shareholders of the bank, the member states of the European Union, still have to approve it.
Both ENDS works with partners around the world to ensure that land is governed fairly and inclusively and managed sustainably with priority for the rights and interests of local communities.
The vast majority of climate finance is channelled to (and through) big institutions and large-scale projects, often without taking into account the wishes and interests of local communities. Both ENDS is working with diverse partners worldwide to address this problem, with a special focus on the Green Climate Fund (GCF).
Export credit agencies (ECAs) play a central role within the complicated web of global development finance. In 2018, Both ENDS invested in strengthening cooperation among organisations working on ECAs, building a strategic global collaboration to stop ECAs' support of fossil fuels and improve their environment and human rights record.
Amsterdam 1 May 2019 - Dutch pension fund ABP's 'sustainable and responsible investment report’ today suggests that the pension fund is well on track in terms attaining its internal sustainability goals. However, an analysis by Fossielvrij NL, Both ENDS, urgewald and Greenpeace shows that ABP remains on a collision course with the Paris climate goals. At the end of 2018, ABP still invested 16.5 billion Euros in the fossil industry. ABP's investments in the world's 44 largest climate polluters even increased between 2016 and 2018.
The EU is still one of the world’s largest importers of deforestation: EU demand for commodities like soy, palm oil, beef, coffee and cacao requires millions of hectares of tropical rainforest to be cleared. This deforestation has significant biodiversity and climate impacts, and is often linked to human rights violations and violence against local communities and indigenous peoples. Both ENDS and partners have been actively lobbying the EU Commission to adopt a robust action plan to address and prevent human rights violations and deforestation ‘embodied’ in EU imports of agricultural commodities.
On Sunday the 10th of March 2019 Both ENDS will be taking part in what is expected to become the largest climate march in The Netherlands as of yet. The march is organised by Milieudefensie, Greenpeace, Oxfam Novib, FNV, De Goede Zaak and the Woonbond and supported by Both ENDS and a large number of diverse civil society organisations. Together, we demand a safe future for ourselves, our children and for all people whose lives have already been or will soon be made almost impossible because of the effects of climate change such as droughts, disease, floods or food shortages.
Both ENDS is co-organising a double panel discussion 'Delta Dynamics: Dutch Masterplans and the SDGs' on June 26th. This is part of the conference 'Critical Perspectives on Governance by Sustainable Development Goals: Water, Food and Climate (25-26 June 2018)' organized by the Centre for Sustainable Development Studies at the University of Amsterdam. At the sessions Both ENDS' partners from Jakarta and Manila will be presenting.