European Investment Bank goes fossilfree
Good news for the climate: last week, the European Investment Bank (EIB) decided to stop investing in fossil fuels by 2021. This is part of its new energy strategy.
Message to the financial sector: fossil fuels are becoming less profitable
This decision by the EIB, which is the world's biggest public investment bank, is a clear message to other banks. The EIB expects fossil fuel projects to become less financially attractive. That is good news for the climate. Divesting from fossil fuels has been the aim of a long campaign by European climate groups.
Both ENDS, together with Counterbalance, has called for cancelling EIB-support to gas infrastructure in the Netherlands, such as a new LPG-terminal in the harbor of Rotterdam. And during the public consultations of the EIB on their energy strategy, Both ENDS has talked to the Dutch government and the Dutch EIB-representative together with Greenpeace Netherlands.
EIB wants to become a climate bank
The EIB is ow working on its new climate policy. Both ENDS, together with Counterbalance and other European organisations, will give input on the current proposal. The bank claims it wants to be a climate bank, but an increase of climate-friendly investments does not necessarily lead to less greenhouse gas emissions. Also, financing of renewable energy projects such as hydrodams can have negative impacts on the environment.
Setting an example for other banks
The EIB has taken an important step that other multilateral and national development banks should copy. Both ENDS will continue its efforts to stop all public invesments in the fossil fuel sector. We will take action on this issue with our global partner network and stimulate banks like FMO, the World Bank and the AIIB to implement strong policies to phase out fossil fuels such as coal, oil and gas.
For more information
Read more about this subject
-
Dossier /Advocating for responsible policies of development banks
Development banks should comply with strict environmental and human rights rules to ensure that their projects benefit and do not harm the poorest groups. Both ENDS monitors the banks to make sure they do.
-
News / 6 juli 2026Strengthening Women's Land Rights Across the Rio Conventions
From 29 June – 2 July 2026, Tamara Mohr, GAGGA coordinator at Both ENDS participated in the 4th convening of the Women's Land Rights Initiative (WLRI) in Nairobi, Kenya.Hosted by the Robert Bosch Stiftung, TMG Research and the Huairou Commission, the event brought together grassroots organisations, (inter)national NGOs, government institutions and donors from around the world.
-
Publication / 3 juli 2026
-
Dossier /Gas in Mozambique
In 2011 one of the world’s largest gas reserves was found in the coastal province of Cabo Delgado, in the north of Mozambique. A total of 35 billion dollars has been invested to extract the gas. Dozens of multinationals and financiers are involved in these rapid developments. It is very difficult for the people living in Cabo Delgado to exert influence on the plans and activities, while they experience the negative consequences. With the arrival of these companies, they are losing their land.
-
Dossier /Finance for agroecology
The lion's share of public budgets for climate, agriculture and development still goes to conventional agroindustrial projects that contribute to the current climate, food and biodiversity crises. Both ENDS and our partners are calling for a transition to agroecological practices that are people- and environment-friendly.
-
Dossier /Trade agreements
International trade agreements often have far-reaching consequences not only for the economy of a country, but also for people and the environment. It is primarily the most vulnerable groups who suffer most from these agreements.
-
Publication / 18 juni 2026
-
Publication / 12 mei 2026
-
Press release / 12 mei 2026UN report warns of a growing sand crisis - The Dutch dredging sector plays a key role in global sand extraction
GENEVA/UTRECHT, 12 May 2026 – A new report by the United Nations Environment Programme (UNEP), Sand and Sustainability: An Essential Resource for Nature and Development, warns that global demand for sand is exceeding ecological limits. Large-scale extraction of sand from marine and coastal ecosystems is leading to biodiversity loss, damage to coastal communities and increasing risks in an era of climate change. Dutch dredging companies play a prominent role in this as global market leaders in large-scale sand extraction and land reclamation. “Our analyses show that the dredging sector operates globally within a system in which ecological damage and the consequences for coastal communities are systematically underestimated, whilst transparency and effective oversight are often lacking,” says the Dutch environmental and human rights organisation Both ENDS, which contributed to the report.
-
News / 14 april 2026New report: Phasing out ISDS in the Netherlands: a roadmap
Today, Both ENDS and SOMO are publishing the report Phasing out ISDS in the Netherlands: a roadmap. In the report, we highlight the Netherlands’ role in the ISDS system and offer practical guidance on phasing out ISDS.
-
Publication / 14 april 2026
-
News / 10 april 2026Both ENDS: strengthened FMO complaints mechanism is a step forward, but major gaps remain
Both ENDS welcomes the strengthened Independent Complaints Mechanism (ICM) of development finance institutions FMO, DEG and Proparco as an important step forward in accountability. Working directly with communities affected by development projects, we see daily how essential it is that people can access justice when they are harmed in the name of development. For many communities, this mechanism is one of the few avenues through which harm can be formally recognised and addressed in relation to these development banks.
-
News / 9 april 2026Minister Sjoerdsma hosts roundtable conversations with civil society
This week, Minister Sjoerdsma organized roundtable conversations with civil society organizations – a valuable initiative that brings together Dutch civil society voices to address critical challenges faced by democratic societies.
-
News / 26 maart 2026New project: Climate Accountability in EU Trade
Through its new project “Climate Accountability in EU Trade: Testing the SEP and DAGs for Climate-Linked FTA Enforcement” Both ENDS, with support from the European Climate Foundation, is exploring how the European complaints mechanism (SEP) and Domestic Advisory Groups (DAGs) can be more effectively used to advance climate accountability. The project runs for 13 months, until end of 2026.
-
News / 19 maart 2026Winners of the ILED ‘Women Are Educators Award’ announced
Our partner organisation ILED (Indigenous-led Education Network) announced the seven winners of the ILED ‘Women Are Educators Award’ this month. These are women who play extraordinary roles in passing on knowledge, whether in formal or informal educational settings.
-
News / 27 februari 2026Both ENDS strengthens the resilience of female environmental defenders worldwide thanks to multi-year contribution from the Postcode Lottery
In recent years, Both ENDS has received an additional contribution of €875,000 from the Postcode Lottery for the Autonomy & Resilience Fund (2022–2025), implemented in collaboration with the Global Alliance for Green and Gender Action (GAGGA). This support was essential because female environmental rights defenders around the world are increasingly facing climate change, repression and shrinking civil space. With this contribution, Both ENDS supports female activists and their communities with flexible, trust-based funding, enabling them to develop their own solutions to urgent environmental and climate problems.
-
News / 2 februari 2026Response to the D66-VVD-CDA coalition agreement
Coalition: Repair the damage and dare to go further
At Both ENDS, we see a number of cautious steps in the right direction in this coalition agreement. There is a slight emphasis on green issues, renewed attention to women's rights, recognition of the importance of civil society, and discussion of trade agreements with a focus on mutual interests. However, without structural change in how we trade, invest, and cooperate, fine words remain empty shells.
-
News / 22 januari 2026Shell files new arbitration against the Netherlands over Groningen gas field closure
Shell is suing the Netherlands in yet another attempt to evade its responsibility for decades of gas extraction in Groningen. For years, gas production has triggered earthquakes, damaged over a hundred thousand homes, and left residents living in prolonged insecurity, still waiting for repairs, reinforcement, and justice.
-
Dossier /Agua Zarca: indigenous fight against dam costs lives
Indigenous Hondurans are resisting the construction of the Agua Zarca hydrodam. Their fight has cost several lives, including that of Berta Cáceres. After considerable public pressure, Dutch development bank FMO withdrew from the project.
-
Press release / 13 januari 2026Investigation: FMO failed to exercise adequate control over project linked to the murder of Berta Cáceres
TEGUCIGALPA/UTRECHT, January 12, 2026 – The murder of indigenous environmental activist Berta Cáceres, which took place almost 10 years ago in Honduras, appears to be the result of an organized criminal operation, in which funds from the Dutch Development Bank FMO were misappropriated to finance illegal activities. This is the conclusion of the investigation report published today by the independent commission set up by the Inter-American Commission on Human Rights, the Honduran state, and the relatives of Berta Cáceres.
For years, FMO was a major financier of the Agua Zarca project. Berta Cáceres, an indigenous leader, fought against this controversial dam and was murdered for that reason in March 2016.
