While the energy transition via renewable energy, such as solar and wind energy, is fundamental to reduce EU CO2 emissions, we are concerned with the impacts it will have on the (geo-political) economy, people and environment. Our collaboration with civil society organisations in the Global South over the past 30 years has shown us that the patterns of consumption by rich countries, such as the Netherlands and the EU in general, have a devastating impact on people and the environment in mainly Africa, South-America and South-East Asia.
A letter written by Both ENDS, co-signed by 350.org, Australia, Urgewald, Germany, Green Alternative, Georgia, and others, with comments to the AIIB's Energy Strategy Issues note. This strategy prioritizes large scale energy infrastructure, which fails to meet the energy needs of local communities.
The AIIB has the opportunity to champion financing green energy systems for future generations by leapfrogging the large energy infrastructure that rely on fossil fuels, plantations for biomass or dams.