Since the signing of the Paris Climate Agreement, rich countries have provided almost 50 times as much export support for fossil fuel related projects as for clean energy projects in four African countries. This is the conclusion of a report written by five environmental organisations from Ghana, Nigeria, Togo and Uganda, in cooperation with Friends of the Earth Netherlands and Both ENDS. The rich countries insured energy projects with a total value of 11 billion US dollars through their export credit agencies (ECAs). More than half of this export support is related to fossil fuels. Only 1% went to sustainable renewable energy.
Pension funds have a lot of influence because of their enormous assets. Both ENDS therefore wants pension funds such as the Dutch ABP to withdraw their investments from the fossil industry and to invest sustainably instead.
Both ENDS has two new interim directors from November 9: Annelieke Douma and Karin van Boxtel. After 15 years, Danielle Hirsch hands over the directorship. She is currently standing for election to the GroenLinks/PvdA list. Annelieke and Karin will lead Both ENDS during the transition period to a new director of Both ENDS. Together with the board and the organisation, the new directors duo is full of energy to get to work in the coming months.
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.