Europe's climate ambitions not consistent with EIB investments

Export support – and especially that to fossil projects – has been in the spotlights quite often recently. This is a positive development, because the Netherlands alone provides fossil export support worth 1.5 billion euros per year. At the climate summit in Glasgow, the United Kingdom launched a statement promising to stop providing export support to fossil projects by the end of 2022. After having denied at first, the Netherlands decided to join the statement after all – ​​which now has already been signed by nearly forty countries and financial institutions.

Julio Bichehe Erneste of Farmers Union Cabo Delgado Mozambique (UPC) on a side event of COP26 in Glasgow, speaking about the negative impacts of export support for fossil fuel projects for local people and their enrironment, and about the need to support renewable energy projects instead.

Members of the Indigenous Ngäbe Buglé people were brutally attacked by Panamanian police on Friday 29 October 2021 from a parcel of private land near the FMO-financed Barro Blanco hydroelectric dam. The victims, all members of the anti-dam movement M22, had peacefully occupied the land after their protest camp got dismantled in July this year.

Today, the Netherlands announced that it will join a leading group of countries, including the United States, Canada and Italy, which declared that they would stop international support for fossil energy projects. At the day of the launch of the declaration at the climate summit in Glasgow on the 4th of November, the Netherlands had no intention of joining, but because of pressure from civil society and political parties, the responsible ministries decided to sign after all. Both ENDS, together with organizations at home and abroad, has been pushing for this for years, and we are very happy with this step. We will of course continue to monitor developments.

In this short video, Niels Hazekamp of Both ENDS talks about how the Netherlands stimulates projects related to the fossil sector abroad through its export credit agency (ECA) Atradius DSB. The ECA provides export credit insurance for very large-scale and high-risk activities abroad. About two thirds of this export support (worth around 1.5 billion euros per year) is going to the fossil fuel sector. Absurd, at a time when the whole world has to make the transition to sustainable energy. Our country should not support the fossil, but the renewable energy sector with such guarantees, and grab that chance of 1.5 billion!

Today, on the eve of the UN Climate Change Conference, COP26, the fossil fuel divest-invest movement released a new report that details how institutions representing an unprecedented total of EUR 33.7 trillion worth of assets have now committed to some form of fossil fuel divestment, a figure that's higher than the annual GDP of the United States and China combined.

On Friday October 22nd, six staff members of our partner organisation Africa Institute of Energy Governance (AFIEGO), including its director Dickens Kamugisha, were arrested in Kampala, Uganda. AFIEGO is one of four Ugandan organisations involved in several legal cases against the oil project, including the one against TotalEnergies in France and in the East African Court of Justice.

The Dutch export credit agency Atradius DSB is not aligned with the Paris Climate Agreement; on behalf of the Dutch State, it continues to strongly support investments in fossil fuels. This is the conclusion of a report by German research agency Perspectives Climate Research (PCR), in which the export credit agencies of the Netherlands and Japan are measured in terms of their climate ambitions and alignment with the Paris Agreement.

New website shines a light on the extent of export credit agencies' support for fossil fuels

Each year governments provide tens of billions of dollars in financial support to fossil fuel projects via export credit agencies (ECAs). Today, 18 civil society groups from 14 countries are launching a new website to shine a spotlight on how ECAs are undermining global climate goals. In advance of the November UN climate conference, the organisations are calling on governments around the world to end public financial support for coal, oil and gas projects, including support from ECAs. Ending this support and redirecting financial resources to sustainable alternatives is essential for a just energy transition.

About 75% of Kenyans earn all or part of their income from the agriculture sector which accounts for 33% of the country's Gross Domestic Product (GDP). However, agricultural productivity has stagnated in recent years. Various factors have contributed to low agricultural productivity, including an overall decline in soil fertility because of the continuous removal of nutrients by crops; poor farming practices; land degradation and overuse/misuse of synthetic fertilizers that acidify the soil. The solution against these problems is: agroecology.

In times of ecosystem degradation, deforestation and climate change, rural communities often struggle to make a living in a healthy and autonomous way. One of the solutions to counter their problems is Analog Forestry, a sustainable practice promoted by many of Both ENDS's partners. We spoke to Carolina Sorzano Lopez*, Analog Forestry trainer from Colombia for the International Analog Forestry Network (IAFN), and Luz Marina Valle*, a local Analog Forestry promotora in her community of El Jocote in Northern Nicaragua, to explain to us the advantages of Analog Forestry.

About one in every six people, particularly women, directly rely on forests for their lives and livelihoods, especially for food. This shows how important non-timber forest products (NTFPs) and forests are to ensure community resilience. Not only as a source of food, water and income, but also because of their cultural and spiritual meaning.