The debt crisis which Greece is currently experiencing is not unique. In the last century, countries like Peru and the Philippines have suffered from enormous debt as well, the result of excessive borrowing from foreign banks. In 2001, Argentina got in deep trouble when the debt became impossible to carry and the country's currency devaluated heavily.
After nearly two years of discussions, the Organisation of Economic Cooperation and Development (OECD) member countries have reached an agreement on reducing their support to some coal plants through their export credit agencies (ECAs). The agreement comes a day after the G20 has reiterated its willingness to reduce inefficient fossil fuel subsidies and only 12 days before the start of COP21, the climate change conference. The agreement, which takes effect in 2017, still allows the most efficient “ultra-supercritical” plants, and less efficient plants in the very poorest countries.
After five years of equivocation the European Commission has proposed a ‘roadmap’ for stepping-up EU action to address its contribution to global deforestation. Despite the escalating impact of EU trade in forest-risk commodities, regardless of repeated calls from the European Parliament for regulatory measures and contrary to the conclusions of the Commission’s own feasibility study in support of legislative intervention, the Commission has ruled-out out any new initiatives, let alone any legislative measures. The Commission’s solution to this complex problem: policy coherence.
Today, the 17th of June 2010, it's World Day to Combat Desertification. This year's theme is "Enhancing soils anywhere enhances life everywhere", in line with the International Year dedicated to Biodiversity. With this theme, the UN Convention to Combat Desertification aims to sensitize the public to the fact that desertification, land degradation and drought dramatically affect the biodiversity resident in the soil.
An increasing number of stakeholders in the Dutch water sector are acknowledging the importance of an inclusive approach to climate adaptation. However, where our knowledge institutes and companies are involved in delta plans and master plans, as in Bangladesh and the Philippines, this approach is proving difficult to apply in practice. Taking local realities, vulnerabilities and inequalities – such as those between men and women – as a starting point is essential for good plans that give everyone the opportunity to adapt to climate change.
Almost two-thirds of the export credit insurances that Atradius DSB provided in the 2012-2018 period went to the fossil energy sector. That is contrary to the climate agreements that the Netherlands signed in Paris.