Recently, India has terminated its bilateral investment treaties (BIT) with 57 countries, including the Netherlands. This means Dutch companies in India, and Indian companies in the Netherlands, can no longer make use of the controversial arbitration procedures called ISDS. According to Burghard Ilge from Both ENDS, India's action is a step in the right direction. However it is a missed opportunity that the Dutch government did not agree with this termination. This way, old investments stay protected for 15 years under the former BIT.
“The fires have reached proportions we have never experienced before.”
Large swathes of South America are currently draped in smoke. From Buenos Aires, to São Paulo to Asunción people struggle to breathe due to unprecedented fires raging on the continent, fuelled by extreme drought, the expansion of the agriculture frontier and rising temperatures linked to climate change.
Earlier this week, EU Commissioner for Trade Cecilia Malmström presented a set of proposals for reforming investment protection standards and the dispute settlement mechanism ISDS (investor-to-state arbitration). The Seattle to Brussels Network (S2B), of which Both ENDS is a member, thinks that Malmström’s proposed adjustments are not far-reaching enough. They will not significantly reform the ISDS system. The organisation has published an analysis report on this.
On June 3rd at De Balie in Amsterdam, ‘angry old man’ Yash Tandon presented his new book ‘Trade is War: The West’s War Against the World’ – a new perspective in the debate on the Transatlantic Trade and Investment Partnership (TTIP), the controversial trade agreement which the EU is currently negotiating with the US. In Europe, opponents of TTIP are mainly concerned about transparency, ever-increasing corporate power and the impact on the environment. But what does the treaty imply for North-South relations and what are the geopolitical dynamics behind it?
On Monday 11 November the Dutch Parliament debated on the Dutch Good Growth Fund (DGGF), which was initially launched in 2012 under Minister Ploumen for Foreign Trade and Development. The fund aims to promote ‘development relevant trade’: imports and exports which are beneficial not only for the Netherlands, but also for the population in (poor) countries they invest in. However, the question is whether in practice it will work this way. According to Anouk Franck of Both ENDS, the DGGF focuses too much on trade, and economic factors. This is reflected in critical report which was recently published by ActionAid, SOMO and Both ENDS.
To ensure that everyone on the planet will be protected against the impacts of climate change, a lot of money will have to be made available. By now, most scholars do agree on this. All this money (ultimately about $ 100 billion per year) will be put into one large fund: the Green Climate Fund. But what's going to happen with all that money and who will benefit from it?
Last year at COP26, the Netherlands, alongside 38 other governments and institutions, committed to the Glasgow Statement on International Public Support for the Clean Energy Transition. By signing this statement, the Netherlands has committed to ending new direct public support for the international unabated fossil fuel energy sector by the end of 2022- a commitment it has yet to deliver.
With this letter, 20 civil society organisations call on the Netherlands to announce its implementation policies for the Glasgow Statement ahead of the Export Finance for Future (E3F) Summit on the 3 November. The E3F Summit is a critical opportunity for the Netherlands to uphold the commitments made in Glasgow last year, alongside all other E3F members.
The recent E3F transparency report highlighted that Netherlands insured 6x more fossil fuel transactions than renewables from 2015-2020, with 3 billion EUR in fossil fuel transactions compared to only 0.5 billion EUR in renewables. This demonstrates that a fossil-fuel exclusion policy for Dutch export support is urgent, and essential, to align the Netherlands with its Glasgow commitment and the Paris Agreement.