SPECIAL REPORTS AND PROJECTS
WWF apologises for human rights abuse allegations and commits to an indigenous-led approach to global conservation
Published
4 years agoon
Gland, 26 May 2021 – IN LIGHT OF EVIDENCE OF SERIOUS HUMAN RIGHTS ABUSES, WWF commits to reparations for victims and to a long-term strategy which, for the first time, prioritizes indigenous people’s land rights and promotes community-led conservation across WWF-supported areas.
In January 2021, the WWF International Board began an internal revision of the remedial action taken by the organisation following the findings and recommendations of the Embedding Human Rights in Nature Conservation: From Intent to Action report. This process, supported by all 35 boards of WWF’s constituent members, has determined that WWF’s initial response to the Independent Panel’s investigation on alleged human rights abuses in and around WWF-supported areas failed to adequately compensate victims or deal with the shortcomings within WWF as well as partner organisations, that enabled these abuses. The widespread harm caused to local communities by WWF-supported conservation efforts suggests an ambitious project of reform is necessary to ensure WWF is able to protect Indigenous Peoples and Local Communities (IPLCs) rights everywhere we work.
“We need to radically transform the way we envision and approach conservation, moving away from “easy-fix” climate and environmental solutions that continue to harm indigenous people and frontline communities. This redesigning process must prioritize community-led conservation, placing IPLCs at the centre of conservation and land management initiatives. Indigenous people are the most effective environmental custodians which should make securing their rights over their customary lands our number one priority. It is not simply a matter of human rights and international law, but about supporting the best solution we have against this climate and ecological crisis” said Marco Lambertini, Director General, WWF International.
Conservation works best when local communities are put at the heart of it. Working to secure the community tenure of indigenous peoples and local communities will empower those best equipped to look after their local environment and is the best way to conserve all our planet’s natural wonders.
Acknowledging and apologising for The Independent Panel’s findings:
In April 2019 the World Wildlife Fund (WWF) commissioned a panel of global human rights and conservation experts to conduct a systemic review of WWF practices and provide recommendations in regards to alleged human rights abuses in and around protected areas supported by WWF in Cameroon, the Central African Republic, the Democratic Republic of Congo, the Republic of Congo, Nepal and India.
The report’s key findings:
- Allegations across the protected ares in question include multiple instances of murder, rape, torture, unlawful arrest and detention, physical beatings, corruption, complicity in poaching, and destruction and theft of personal property committed by WWF-supported ecoguards against IPLCs.
- WWF had knowledge of alleged human rights abuses in every protected area under review and failed to investigate credible allegations of abuse in half of those protected areas.
- WWF continued to fund, train and equip eco-guards alleged to have committed human rights abuses despite knowledge of those allegations and without taking adequate steps to operationalize safeguarding and human rights protection protocols designed to protect IPLCS.
- Where WWF did conduct investigations into these abuses they came several years after allegations were first made and only following pressure from the media and/or civil society.
- Where WWF was involved in the creation of protected areas, it failed to ensure the effective participation of IPLCs and thus violated their right to free,prior and informed consent.
- The Panel found no agreement in place between WWF and the local authorities responsible for park administration to ensure the upholding of the human rights and FPIC rights of IPLCS.
An official apology
In light of these findings, we unreservedly apologise to the indigenous peoples and local communities (IPLCs) of the areas under review, and to any other individual or community that has been subject to similar abuses in and around other WWF-supported protected areas.
Moreover, we want to take responsibility for the violent evictions of IPLCs carried out by WWF-supported ecoguards and for the impacts that their eviction from their lands has had on these IPLCs, including loss of culture and livelihoods, and increased malnutrition.
We also want to apologise to our supporters, donors, volunteers and readers for not having immediately disclosed allegations of human rights abuses in WWF affiliated parks. We have a responsibility of full transparency to all those who support and believe in our work.
Reparations
To adequately compensate victims of human-rights abuses carried out by WWF supported projects in the seven countries originally investigated in the Panel’s report, WWF have set aside $2 million dollars. The processing of reparations claims will be overseen by indigenous leaders and representatives from the communities affected.
We fear that the inadequate nature of our previous grievance procedures has prevented many other victims of human rights abuses from reporting injustices. Since we cannot at this stage be certain of the scale of abuses WWF programmes are implicated in we are setting aside a further $5 million for future claims.
Transforming our approach
The WFF international board has concluded that the scale and severity of the problems identified by the Panel in the protected areas reviewed demonstrate endemic flaws in WWF’s operational approach. These have resulted in the systematic eviction of indigenous people from their customary lands, their exclusion from leadership positions in local conservation projects and the militarisation of protected areas’ security forces.
Following the Panel’s recommendations and in compliance with our human rights commitments we have already started to take remedial action. The Management Response and initial measures taken can be found here. Below is a list of further measures we are committed to implement across all protected areas WWF supports, in order to turn the page and build a conservation model that safeguards local communities’ human rights and actively supports indigenous people’s claims to their customary lands.
In protected areas where rights abuses have been alleged we will:
- Commission independent indigenous peoples’ committees to review the original investigations.
- Work alongside indigenous leaders to ensure the resolution of allegations by compensating victims and working with local authorities to prosecute the perpetrators.
- Establish externally supervised safeguards to prevent further abuses.
In all WWF- supported protected areas and conservation initiatives we commit to:
- Initiate independent reviews of the effects of protected areas on local communities’ rights.
- Freeze all funding towards protected areas and other conservation initiatives where human rights abuses have been reported until allegations have been resolved, externally supervised safeguard mechanisms established, and all victims adequately compensated.
- Adopt concrete measures to identify and hold accountable all members of the organization that have been responsible for WWF negligence, ineffective response and direct involvement in alleged human rights abuses, including staff members in individual countries, the WWF senior management team and board members.
- Work with local and indigenous communities to co-design accessible and inclusive pathways to submit complaints and report any issues with ongoing conservation initiatives through.
- Carry out new independent free, prior and Informed consent processes with impacted local communities in all current and proposed protected areas; empowering communities to decide how and whether they wish to work with WWF to support their own conservation efforts.
- Use WWF influence to actively support, at local, national and international levels indigenous people’s claims over their customary lands and their efforts to secure legal ownership rights and conservation responsibilities over such territories.
- Withdraw financial and practical support to partners and collaborators who fail to support indigenous people’s rights and claims to customary land.
Commenting on the internal revision, Pavan Sukhdev, President of WWF International, said:
“From the report’s findings it is clear that for decades our negligence, and in some instances direct involvement with episodes of violence and abuse, have caused serious emotional, physical and psychological harm to individuals and entire communities across the world. We need to acknowledge that and take responsibility for our role in these allegations. There is no excuse and a formal apology is not enough. We can and need to do better. We need to ensure that the measures that we commit to take forward go beyond minor changes and embody our first step towards a real transformation of our work and ethos.”
Open Letter to WWF
WWF, you are the most well-known environmental organisations in the world: you have great power and an even greater responsibility. However, time and again your projects have dispossessed and abused Indigenous and local communities. You claim that they endanger the ecosystems they have cared for long before you entered their lands. On the other hand, you collaborate with the very same corporations that actually destroy biodiversity, greenwashing their destructive practices. For the sake of justice and the survival of ecosystems worldwide, stop legitimising violence and human rights abuses in the name of conservation. Instead, become an ally to Indigenous people, local communities, and the Global Majority.
For too long you have been dividing humans from nature by building walls; imposing a colonial model called ‘Fortress conservation’, which places conservation in direct conflict with human rights.
You dictate who is “unauthorised” in the lands you enter. You fund, train and legitimise militarised eco-guards who violently evict local communities from their homes. You act on the dangerous and false colonial ideology that perceives human presence as a threat to the ecosystem, except if they are wealthy, predominantly white tourists. You demonise and prevent indigenous and local people from hunting sustainably to feed themselves, but have encouraged trophy hunting for super-rich tourists. This model, based on separation and colonial values, is a violent lie that supports white supremacy – it is, to put it simply, ecofascism.
Fortress conservation is putting us all in danger, as it is further destroying the connection between land and people. It is destroying the cultures who have taken care of and regenerated that land for hundreds of years. This makes you complicit in the historic colonial violence against local and indigenous communities. Their cultures hold rich and powerful counterstories that teach the interdependence and deep connection between humans, the earth and all beings, which so many of us need to rediscover.
This failure of WWF concerns us all because it directly affects both the people and the planet. A recent report by an independent panel of experts shows a shocking history of murder, rape, torture, and violence committed by the eco-guards that WWF funds, equips and manages. This report goes even further in revealing that you have had knowledge of this, yet you continue to fund them. This is simply appalling.
From the Republic of Congo to Nepal, and India to Cameroon, these are not a few ‘bad apples’ but inherent aspects of the oppressive colonial conservation model you employ, and that dominates the conservation sector. Communities are losing their lands, their homes and ways of life, threatening them with starvation, disease and the loss of their human dignity. Dividing communities from their land and livelihoods will always be violent.
Many of the people on your boards are financing, working or lobbying for some of the most environmentally destructive companies on Earth. How can the same people who are destroying the global ecosystem lead and fund its preservation? It’s absurd that we need to say this, but the people leading you should not be those profiting from ecocide.
You invest your supporters’ donations into heavily polluting industries, such as fossil fuels and agribusiness, and partner with them. You receive donations from logging and palm oil companies and let them cut through the same forests you claim to protect.
To put it bluntly, WWF has a profound conflict of interest, and is working with, rather than against, those destroying life on Earth. Rather than challenging those industries, you greenwash them, allowing them to expand their destruction. It is pitiful for an environmental organisation to simply ask companies to slow down their destruction of our home: you must join the global environmental movement in demanding they stop immediately!
WWF, you have betrayed the Global Family. In frontline communities your betrayal means violence. To your supporters your betrayal means broken promises and complicity.
Your organisation has sold us the image of being the ‘good guys’ in an evil world of environmental destruction. From an early age, your iconic panda has playfully filled our cultural consciousness; clambering into our classrooms; filling our shelves with fluffy tokenistic toys, and our minds with idealised imagery of the “pristine wilderness” that serves your marketing strategy.
We entrusted you with the fight for the planet, raising tens of millions of pounds from our pockets as public donors in the UK alone. Yet rather than using this power to support the mobilisation of social and ecological movements of solidarity, you use the power of marketing; you sell us the ridiculous story that simply purchasing, petitioning and running marathons will “save the planet”! You reduce activism to mass consumption – the rotten core of the environmental crisis – making your supporters’ actions hollow and meaningless. You take the struggle for survival of life on earth and make it into a brand. You then use our money, our agency and our validation to make us complicit in outrageous acts of violence and human rights abuses against our brothers and sisters around the world. Through you, we too become tools of fortress conservation and capitalism’s violence.
However, we in the Minority World/Global North are not the real victims of your betrayal. Your failure to serve those with the capacity of preserving the ecosystems you claim to protect is your betrayal to humanity. Those communities are the heart of the resistance to ecocide.
The same people you are persecuting have been caring for the land, their home, for hundreds of years, and are essential to its flourishing. There is increasingly clear evidence on the key role of indigenous communities in already safeguarding 80% of the world’s remaining biodiversity, and therefore many conservation bodies call on all organisations to support their land rights. Often Indigenous and community-managed lands have even higher biodiversity and less deforestation than national parks and wildlife reserves. They don’t only slow down degradation, but actually improve the state of the ecosystem. By ignoring these scientific facts you are harming nature – the very thing you claim to be protecting. Why are you oppressing the people who are doing conservation better than you?
WWF, you must advocate for the land and human rights of local and indigenous communities, supporting their cultural, political and ecological work. Even if a community is degrading their ecosystem, any conservation initiative must be led by a dialogue among equals working together. It must support local livelihoods, and enable community-led learning for regeneration that is based on equity and justice. Ultimately, conservation works best when local communities are empowered at the heart of their local environments.
You are already taking steps in this direction in Latin America; so why do you attack communities elsewhere? You must not simply “involve” communities in an imposed neoliberal agenda based on ‘development’ and markets – the very same things that destroy our planet.
You must rethink your role as a supporting one: you are not the protagonist in this story. Right now, in fact, you’re the villain. Effective stories of conservation must be co-written and led by the visions, decisions, knowledge and guidance of indigenous and local communities.
WWF, you know the ecological catastrophe we face: yet its urgency must not be reacted to with your current eco-fascist ‘solutions’. If we do not challenge the crisis appropriately, the suffering and deaths will be devastating. You also know that Indigenous’ and local communities’ land rights and cultures are fundamental to the health of their ecosystems, and to their resistance to the corporations that degrade them. Greenwashing and small technical fixes won’t solve this crisis: we need a transformation of our global consciousness that decolonizes the ways we understand and promote conservation. If you keep attacking Indigenous and local communities, working with polluting industries and the governments who serve them, you will continue to be complicit in the ecological catastrophe and guilty of ecofascism. You will continue to fail to represent or be in solidarity with the global environmental and social justice movement.
The best hope for our survival and flourishing is for conservationists to unite with the Indigenous resistance movement, and fight the environmental destruction of governments and industry. Whose side are you on in this struggle for the survival of life on Earth?
We will not stop challenging the WWF to radically dismantle its colonial approach to conservation, until they join us in enacting the following demands:
1- STOP THE HARM:
Immediately stop dispossessing indigenous and local communities of their land. Cease any collaboration or support to organisations and security forces that evict local communities.
2- GROUND CONSERVATION IN JUSTICE:
Transition all your fortress conservation projects to the support of genuine indigenous-led and community-led conservation. Projects must actively advocate and be based upon: recognising land rights, local knowledge, local livelihoods, and social justice. Use your platform and financial leverage to advocate these changes across the whole conservation sector.
3- BE ACCOUNTABLE:
Be accountable by giving control of project funding to local communities, through their own democratic/collective processes. Be transparent through systems of direct people-to-people communication, such as people’s assemblies, between local communities and your supporters.
4- END TOXIC RELATIONSHIPS:
Stop the conflict of interests with those destroying ecosystems: cut financial links with large corporations; fire board members from polluting industries; use your platform to mobilize people to take action and demand an end to corporate ecocide.
Signed by:
Organisations:
- Survival International
- Centre for the Anthropology of Sustainability, University College London
- Association Okani
- Pan-African Living Cultures Alliance (PALCA)
- Integrated development Initiatives in Ngorongoro (IDINGO)
- Front Commun pour la Protection de l’Environnement et des Espaces Protégés
- Ole Siosiomaga Society Incorporated (OLSSI), SAMOA
- Fondation Internationale pour le Développement l’Education l’Entreprenariat et la Protection de l’Environnement (FIDEPE)
- Pastoral Peace Reconciliation Initiative (PPRI)
- XR Anti-Oppression Circle
- Rogerio Cumbane/MAKOMANE-ADM (Association for Community Development)
- XR Internationalist Solidarity Network (XRISN)
- Skogsupproret (Forest Rebellion)
People:
- Arturo Escobar (Professor of Anthropology)
- Katy Molloy (Flourishing Diversity)
- Fe Haslam (Global Justice Forum – GJF)
- Francis Shomet Olenaingi’sa
- Fiore Longo – Survival International
- Cathryn Townsend
- Fiu Mataese Elisara – Executive Director of OLSSI
- Romao Xavier – Programme and Advocacy Coordinator
- SHAPIOM NONINGO – Technical Secretary GTANW
- Jose Ines Loria Palma – President of the San Crisanto Foundation
- Elena Kreuzberg – Consultant on Environmental Issues
- Maurizio Farhan Ferrari – Senior Policy Adviser on Environmental Governance
- KOAGNE Clovis – Coordinateur Général Fondation Internationale pour le Développement l’Education l’Entreprenariat et la Protection de l’Environnement (FIDEPE)
- Milka Chepkorir
- Samuel Nangiria
- Kofi Mawuli Klu (XRISN)
- Esther Stanford-Xosei
- Jerome Lewis
Original Source: redd-monitor.org
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SPECIAL REPORTS AND PROJECTS
How Carbon Markets are Exploiting Marginalised Communities in the Global South Instead of Uplifting them
Published
2 weeks agoon
December 11, 2024The billion-dollar fiction of carbon offsets
Carbon markets are turning indigenous farming practices into corporate profit, leaving communities empty-handed.
For Janni Mithula, 42, a resident of the Thotavalasa village in Andhra Pradesh, cultivating the rich, red soil of the valley was her livelihood. On her small patch of land grow with coffee and mango trees, planted over decades with tireless care and ancestral knowledge. Yet, once a source of pride and sustainability, the meaning of these trees has been quietly redefined in ways she never agreed to.
Over a decade ago, more than 333 villages in the valley began receiving free saplings from the Naandi Foundation as part of a large-scale afforestation initiative funded by a French entity, Livelihoods Funds. Unbeknownst to Janni and her neighbours, these trees had transfigured into commodities in a global carbon market, their branches reaching far beyond the valley to corporate boardrooms, their roots tethered not to the soil of sustenance but to the ledger of profit and carbon offsets.
The project claims that it would offset nearly 1.6 million tonnes of carbon dioxide equivalent over two decades. On paper, it is a triumph for global climate efforts. In reality, the residents’ lives have seen little improvement. While the sale of carbon credits has reportedly fetched millions of dollars for developers, Janni’s rewards have been minimal: a few saplings, occasional training sessions, and the obligation to care for trees that she no longer fully owns. These invisible transactions pose a grave risk to marginalised communities, who practice sustainable agriculture out of necessity rather than trend.
Also Read | COP29: The $300 billion climate finance deal is an optical illusion
The very systems that could uplift them—carbon markets intended to fund sustainability—end up exploiting their resources without addressing their needs.
Earlier this year, the Centre for Science and Environment (CSE) and Down To Earth (DTE) released a joint investigative report on the functioning of the voluntary carbon market in India. The report critically analysed the impacts of the new-age climate solution, its efficacy in reducing carbon emissions, and how it affected the communities involved in the schemes.
The findings highlighted systemic opacity, with key details about the projects, prices, and beneficiaries concealed under confidentiality clauses. Developers also tended to overestimate their emission reductions while failing to provide local communities with meaningful compensation. The report stated that the main beneficiaries of these projects were the project developers, auditors and companies that make a profit out of the carbon trading system.
Carbon markets: The evolution
On December 11, 1997, the parties to the United Nations Framework Convention on Climate Change (UNFCC) convened and adopted the Kyoto Protocol with the exigence of the climate crisis bearing down on the world. The Kyoto Protocol, revered for its epochal impact on global climate policy, focused on controlling the emissions of prime anthropogenic greenhouse gases (GHGs). One of the key mechanisms introduced was the “Clean Development Mechanism”, which would allow developed countries to invest in emission reduction projects in developing countries. In exchange, the developed countries would receive certified emission reduction (CER) credits, or carbon credits as they are commonly known.
One carbon credit represents the reduction or removal of one tonne of CO2. Governments create and enforce rules for carbon markets by setting emission caps and monitoring compliance with the help of third-party organisations. For example, the European Union Emissions Trading System (EU-ETS) sets an overall cap on emissions and allocates allowances to industries. A financial penalty system was also put in place to prevent verifiers and consultants from falsifying emissions data. The impact of these renewable projects is usually verified through methods such as satellite imagery or on-site audits.
Companies such as Verra and Gold Standard have seized this opportunity, leading the designing and monitoring of carbon removal projects. Governments and corporations invest in these projects to meet their own net-zero pledges. The companies then issue carbon credits to the investing entity. Verra has stated that they have issued over 1 billion carbon credits, translating into the reduction of 1 billion tonnes of greenhouse gas emissions. However, countless case studies and reports have indicated that only a small fraction of these funds reach the local communities practising sustainability.
Article 6 under the Paris Agreement further concretised and regulated the crediting mechanism to enable countries interested in setting up carbon trading schemes. However, the parties failed to reach a consensus regarding the specifics of Article 6 at COP 27 and COP 28. So, climate finance experts and policymakers were very interested in the developments taking place at the COP 29 summit in Baku, Azerbaijan. Unlike its predecessors, the COP 29 summit has seen a diminished attendee list, with major Western political leaders including Joe Biden, Ursula von der Leyen, Olaf Scholz, and Emmanuel Macron failing to make it to the summit due to the increasingly turbulent climate within their own constituencies.
Sceptics questioned whether this iteration of the summit would lead to any substantial decisions being passed. However, on day-two of the summit, parties reached a landmark consensus on the standards for Article 6.4 and a dynamic mechanism to update them. Mukhtar Babayev, the Minister of Ecology and Natural Resources of Azerbaijan and the COP 29 President, said: “By matching buyers and sellers efficiently, such markets could reduce the cost of implementing Nationally Determined Contributions by 250 billion dollars a year.” He added that cross-border cooperation and compromise would be vital in fighting climate change.
India has positioned itself as an advocate for the Like-Minded Developing Countries (LMDCs) group, with Naresh Pal Gangwar, India’s lead negotiator at COP 29, saying, “We are at a crucial juncture in our fight against climate change. What we decide here will enable all of us, particularly those in the Global South, to not only take ambitious mitigation action but also adapt to climate change.”
The COP 29 decision comes in light of the Indian government’s adoption of the amended Energy Conservation Act of 2022, which enabled India to set up its own carbon market. In July 2024, the Bureau of Energy Efficiency (BEE), an agency under the Ministry of Power, released a detailed report containing the rules and regulations of the Carbon Credit Trading Scheme (CCTS), India’s ambitious plan for a compliance-based carbon market. The BEE has aimed to launch India’s carbon market in 2026.
CSE’s report highlighted the challenges and possible strategies that the Indian carbon market could adopt from other carbon markets around the world. Referring to this report, Parth Kumar, a programme manager at CSE, pointed out how low carbon prices and low market liquidity would be prominent challenges that the nascent Indian market would have to tackle.
The Global South should be concerned
Following the landmark Article 6.4 decision, climate activists called out the supervisory board for the lack of discussion in the decision-making process. “Kicking off COP29 with a backdoor deal on Article 6.4 sets a poor precedent for transparency and proper governance,” said Isa Mulder, a climate finance expert at Carbon Market Watch. The hastily passed decision reflects the pressure that host countries seem to face; a monumental decision must be passed for a COP summit to be touted as a success.
The science behind carbon markets is rooted in the ability of forests, soil, and oceans to act as carbon sinks by capturing atmospheric carbon dioxide. This process is known as carbon sequestration, and it is central to afforestation and soil health restoration projects. However, the long-term efficacy and scalability of these projects have been repeatedly questioned. The normative understanding of carbon markets as a tool to mitigate climate change has also come under scrutiny recently, with many activists calling the market-driven approach disingenuous to the goals of the climate movement.
From a post-colonial perspective, carbon markets have been viewed as perpetuating existing global hierarchies; wealthier countries and corporations fail to reduce their emissions and instead shift the burden of mitigation onto developing nations. Olúfẹ́mi O. Táíwò, Professor of Philosophy at Georgetown University, said, “Climate colonialism is the deepening or expansion of foreign domination through climate initiatives that exploit poorer nations’ resources or otherwise compromises their sovereignty.” Moreover, the effects of climate change disproportionately fall on the shoulders of marginalised communities in the Global South, even though industrialised nations historically produce the bulk of emissions.
There have also been doubts surrounding the claiming process of carbon credits and whether the buyer country or the country where the project is set can count the project towards its own Nationally Determined Contributions (NDCs). Provisions under Article 6 of the Paris Agreement state that countries cannot use any emission reductions sold to another company or country towards their own emissions targets. However, this has become a widespread issue plaguing carbon markets. The EU has recently been criticised for counting carbon credits sold to corporations under the Carbon Removal Certification Framework (CRCF) towards the EU’s own NDC targets. This has led to concerns over the overestimation of the impact of mission reduction projects.
Also Read | India needs climate justice, not just targets
Carbon offset projects, additionally, alienate local communities from their land as the idea of ownership and stewardship becomes muddled with corporate plans on optimally utilising the land for these projects. For example, in 2014, Green Resources, a Norwegian company, leased more than 10,000 hectares of land in Uganda, with additional land being leased in Mozambique and Tanzania. This land was used as a part of afforestation projects to practise sustainability and alleviate poverty in the area. However, interviews conducted with local Ugandan villagers revealed that the project forcibly evicted the local population without delivering its promises to improve access to health and education for the community. These concerns highlighted how the burden of adopting sustainable practices is placed on marginalised communities.
While carbon markets are rightfully criticised, they remain a key piece of the global climate adaptation puzzle. Addressing the issues surrounding transparency and equitable benefit-sharing with local communities could lead to carbon markets having a positive impact on climate change. The system must ensure that larger corporations and countries do not merely export their emissions, but instead implement measures to reduce their own emissions over time. It is also imperative to explore other innovative strategies such as circular economy approaches and nature-based solutions that are more localised, offering hope for a just and sustainable future.
Adithya Santhosh Kumar is currently pursuing a Master’s in Engineering and Policy Analysis at the Delft University of Technology in the Netherlands.
Source: frontline.thehindu.com
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DEFENDING LAND AND ENVIRONMENTAL RIGHTS
Statement: The Energy Sector Strategy 2024–2028 Must Mark the End of the EBRD’s Support to Fossil Fuels
Published
1 year agoon
September 27, 2023The European Bank for Reconstruction and Development (EBRD) is due to publish a new Energy Sector Strategy before the end of 2023. A total of 130 civil society organizations from over 40 countries have released a statement calling on the EBRD to end finance for all fossil fuels, including gas.
From 2018 to 2021, the EBRD invested EUR 2.9 billion in the fossil energy sector, with the majority of this support going to gas. This makes it the third biggest funder of fossil fuels among all multilateral development banks, behind the World Bank Group and the Islamic Development Bank.
The EBRD has already excluded coal and upstream oil and gas fields from its financing. The draft Energy Sector Strategy further excludes oil transportation and oil-fired electricity generation. However, the draft strategy would continue to allow some investment in new fossil gas pipelines and other transportation infrastructure, as well as gas power generation and heating.
In the statement, the civil society organizations point out that any new support to gas risks locking in outdated energy infrastructure in places that need investments in clean energy the most. At the same time, they highlight, ending support to fossil gas is necessary, not only for climate security, but also for ensuring energy security, since continued investment in gas exposes countries of operation to high and volatile energy prices that can have a severe impact on their ability to reach development targets. Moreover, they underscore that supporting new gas transportation infrastructure is not a solution to the current energy crisis, given that new infrastructure would not come online for several years, well after the crisis has passed.
The signatories of the statement call on the EBRD to amend the Energy Sector Strategy to
- fully exclude new investments in midstream and downstream gas projects;
- avoid loopholes involving the use of unproven or uneconomic technologies, as well as aspirational but meaningless mitigation measures such as “CCS-readiness”; and
- strengthen the requirements for financial intermediaries where the intended nature of the sub-transactions is not known to exclude fossil fuel finance across the entire value chain.
Source: iisd.org
Download the statement: https://www.iisd.org/system/files/2023-09/ngo-statement-on-energy-sector-strategy-2024-2028.pdf
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SPECIAL REPORTS AND PROJECTS
Will more sovereign wealth funds mean less food sovereignty?
Published
2 years agoon
April 13, 2023- 45% of Louis Dreyfus Company, with its massive land holdings in Latin America, growing sugarcane, citrus, rice and coffee;
- a majority stake in Unifrutti, with 15,000 ha of fruit farms in Chile, Ecuador, Argentina, Philippines, Spain, Italy and South Africa; and
- Al Dahra, a large agribusiness conglomerate controlling and cultivating 118,315 ha of farmland in Romania, Spain, Serbia, Morocco, Egypt, Namibia and the US.
Sovereign wealth funds invested in farmland/food/agriculture (2023)
|
|||
Country
|
Fund
|
Est.
|
AUM (US$bn)
|
China
|
CIC
|
2007
|
1351
|
Norway
|
NBIM
|
1997
|
1145
|
UAE – Abu Dhabi
|
ADIA
|
1967
|
993
|
Kuwait
|
KIA
|
1953
|
769
|
Saudi Arabia
|
PIF
|
1971
|
620
|
China
|
NSSF
|
2000
|
474
|
Qatar
|
QIA
|
2005
|
450
|
UAE – Dubai
|
ICD
|
2006
|
300
|
Singapore
|
Temasek
|
1974
|
298
|
UAE – Abu Dhabi
|
Mubadala
|
2002
|
284
|
UAE – Abu Dhabi
|
ADQ
|
2018
|
157
|
Australia
|
Future Fund
|
2006
|
157
|
Iran
|
NDFI
|
2011
|
139
|
UAE
|
EIA
|
2007
|
91
|
USA – AK
|
Alaska PFC
|
1976
|
73
|
Australia – QLD
|
QIC
|
1991
|
67
|
USA – TX
|
UTIMCO
|
1876
|
64
|
USA – TX
|
Texas PSF
|
1854
|
56
|
Brunei
|
BIA
|
1983
|
55
|
France
|
Bpifrance
|
2008
|
50
|
UAE – Dubai
|
Dubai World
|
2005
|
42
|
Oman
|
OIA
|
2020
|
42
|
USA – NM
|
New Mexico SIC
|
1958
|
37
|
Malaysia
|
Khazanah
|
1993
|
31
|
Russia
|
RDIF
|
2011
|
28
|
Turkey
|
TVF
|
2017
|
22
|
Bahrain
|
Mumtalakat
|
2006
|
19
|
Ireland
|
ISIF
|
2014
|
16
|
Canada – SK
|
SK CIC
|
1947
|
16
|
Italy
|
CDP Equity
|
2011
|
13
|
China
|
CADF
|
2007
|
10
|
Indonesia
|
INA
|
2020
|
6
|
India
|
NIIF
|
2015
|
4
|
Spain
|
COFIDES
|
1988
|
4
|
Nigeria
|
NSIA
|
2011
|
3
|
Angola
|
FSDEA
|
2012
|
3
|
Egypt
|
TSFE
|
2018
|
2
|
Vietnam
|
SCIC
|
2006
|
2
|
Gabon
|
FGIS
|
2012
|
2
|
Morocco
|
Ithmar Capital
|
2011
|
2
|
Palestine
|
PIF
|
2003
|
1
|
Bolivia
|
FINPRO
|
2015
|
0,4
|
AUM (assets under management) figures from Global SWF, January 2023
|
|||
Engagement in food/farmland/agriculture assessed by GRAIN
|
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