Asian Peoples' Movement on Debt and Development

A regional alliance of peoples’ movements, community organizations, coalitions, NGOs and networks

 

Ecological Debt, Environmental Justice & Climate Change

US, EU ‘avoiding fair share’ of climate effort

csr.banner.poster

By Megan Darby via Climate Home

Developed world should deepen emissions cuts five times or more by 2030, say civil society groups, plus support poor countries

The US and EU should make five times the greenhouse gas emissions cuts by 2030 promised in their national submissions to a UN deal.

Japan is doing a tenth of its fair share, while Russia is making zero contribution to the global effort to limit temperature rise to 2C.

That is the conclusion of a report backed by 18 civil society groups including Oxfam, WWF and Action Aid.

“Across the board, rich countries are failing to bring the two most important ingredients to the negotiating table – emission cuts and money,” said Brandon Wu, a climate finance expert at ActionAid.

“If they truly want to solve the climate crisis, wealthy nations must provide finance to support clean development in poor countries and to help communities adapt to dangerous climate impacts.

“Without it, any agreement in Paris will be asking the poor to put out a burning building with a glass of water.”

Recent analysis from the OECD suggests climate finance aid for developing countries is on the rise – hitting $60 billion in 2014 – but significantly short of an annual target of $100 billion by 2020.

fair-shares.graph
Lines represent national pledges and bars show “fair shares” under different assumptions (Source: Civil Society Review)

To date, 150 countries have pledged “intended nationally determined contributions” to a deal set to be finalised in Paris this December.

Covering 90% of global emissions, these plans are based on what governments consider technically and politically feasible.

While they show an unprecedented level of engagement, collectively the pledges do not deliver sufficient emissions cuts to hold warming to 2C.

Nor do the voluntary contributions represent an equitable division of effort, according to the civil society report, based on historic responsibility and national spending power.

China, India, Indonesia, Kenya and the Marshall Islands are meeting or exceeding their “fair share”, it found.

Tim Gore, Oxfam’s head of climate policy, said: “Some of these countries have made promises that could genuinely transform how their future economies will operate. This could transform the UN negotiations as a result.”

Rich countries, meanwhile, are “locked into incremental target cuts,” said Gore, calling for Paris to deliver “transformational, not piecemeal” progress.

Lidy Nacpil, Filipina activist and coordinator of the Asian Peoples’ Movement on Debt and Development, said rich and poor countries needed to cooperate.

Launching the report in Bonn, where negotiators are into their last week of talks before Paris, she said: “While it is very clear the onus is on developed countries… it is not a free pass for developing country governments.

“They must ensure that they deliver on their targets for a fair share. They must also raise their conditional targets to reflect what they are ready to do if and when finance is delivered from developed countries.”

philippines-flood
Manila floods – victims of climate change impacts bear little responsibility for causing the problem (Flickr/SuSanA Secretariat)

Sources: climatechangenews.com and civilsocietyreview.org

Civil society groups hit US, co-chairs for delaying climate talks

ActionAid, Asian People’s Movement on Debt and Development and LDC Watch

PRESS RELEASE

Civil society groups hit US, co-chairs for delaying climate talks

Call draft Paris agreement “US text”

BONN, Germany, 19 October 2015 – Southern civil society leaders criticized the United States and other developed countries for delaying the climate talks as the last five days of negotiations before the Paris conference begin today.

The co-chairs who were mandated to draft the negotiating text for the Paris deal, have wasted time and money, they said today in a press conference, for excluding the submissions of developing country governments back in Geneva.

Read more

#ReclaimPower: Ahead of WB-IMF meeting in Lima, Asian activists protest funding of dirty energy

MANILA, 9 October 2015 – Hawker unions, women’s groups, religious congregations, and climate justice networks in several Asian countries are holding 300 actions today and tomorrow (October 9 and 10) against fossilfuels and other dirty energy.

The mobilizations of Asian Peoples’ Movement on Debt and Development (APMDD) member groups in Bangladesh, India, Indonesia, Nepal, Pakistan and the Philippines are part of the third worldwide Reclaim Power initiative.

They are also taking place on the first two days of the World Bank and International Monetary Fund’s joint annual meeting in Lima, Peru. Both WB president Jim Yong Kim and IMF chief Christine Lagarde have called for urgent climate action, particularly the elimination of fossil subsidies and the adoption of carbon taxes, just last Wednesday. However, the World Bank continuesto finance fossil fuel projects and even increased its funding over the past years.

Read more

Green Climate Fund defends new partners Deutsche Bank, World Bank

Green Climate Fund defends new partners Deutsche Bank, World Bank

Officials say new partners will no longer bankroll fossil fuel projects

ADDIS ABABA, 14 July 2015 -- Green Climate Fund (GCF) officials defended yesterday the decision to endorse known fossil-fuel project funders Deutsche Bank and the World Bank as partners, saying that the Fund’s accreditation procedures confirmed “they will not do it again” and that this widens as well financing choices for developing countries.

The recent GCF accreditation of the two institutions as international financial intermediaries was one of the questions raised at a GCF-organized event during the third UN Financing for Development conference, which started yesterday here in the Ethiopian capital.

“This does not show prioritization of national ownership and direct access but a continuing preference for using international financial intermediaries, previously agreed as only secondary mechanisms,” said Mae Buenaventura, deputy coordinator of the Asian Peoples’ Movement on Debt and Development (APMDD), who attended the GCF side event. She added that accrediting entities with records of funding fossil fuel projects in developing countries “further casts doubt on the capacity of the GCF to achieve truly transformational ends.”

Read more

Asian mov’t protests vs Deutsche Bank, World Bank as new climate fund channels

INCHEON, South Korea, 9 July 2015 – An Asian alliance observing the ongoing climate finance talks here voiced their opposition to the accreditation of top coal funders Deutsche Bank and World Bank as new funding channels.

“Neither Deutsche Bank nor the World Bank can hold up to the highest fiduciary and financial accountability standards, as well as enforce social-economic and environmental safeguards,” said Lidy Nacpil, coordinator of the Asian Peoples Movement on Debt and Development (APMDD), at the board meeting of the Green Climate Fund (GCF).

“In addition, they continue to be among the biggest bankrollers of dirty energy, as well as false solutions such as palm oil and agrofuels. And despite their public commitment to the transition to renewables and clean energy, they show no signs of slowing down,” she added in a statement.

Nacpil referred to Deutsche Bank’s embroilment in multiple scandals, including a $2.5 billion fine last April for rigging interest rates and probes on suspicions of money laundering. She also cited the BankTrack network’s research that the German bank invested a total of $20.3 billion in coal from 2005 to April 2014.

She added that the World Bank increased its dirty energy funding last year, citing research from the NGO Oil Change International that it has invested $6.2 billion of public finance for coal from 2007 to 2014.

APMDD also joined a statement of civil society organizations questioning the integrity and reputation of the GCF following its decision to accredit Deutsche Bank and other entities.

“Unfortunately, with this decision, the Green Climate Fund is proving to be more ‘business as usual’ rather than ‘transformational,’” Nacpil said.

The GCF was founded as a mechanism under the United Nations climate convention to redistribute money for climate adaptation and mitigation from developed to developing countries. Over $10 billion is currently pledged to the fund.

The eleven other entities accredited by the GCF board today are Namibia’s Environmental Investment Fund, Rwanda’s Ministry of Natural Resources, India’s National Bank for Agriculture and Rural Development, Corporación Andina de Fomento (Development Bank of Latin America), Caribbean Community Climate Change Center, Africa Finance Corporation, Agence Française de Développement, Conservation International, European Bank for Reconstruction and Development, Inter-American Development Bank and United Nations Environment Programme.

They and the seven previously-accredited institutions are allowed to access GCF funds, and in turn disburse them to other groups who will be implementing projects and programs in developing countries.

###

The Asian Peoples Movement on Debt and Development (formerly Jubilee South–Asia Pacific Movement on Debt and Development) is a regional alliance of peoples' movements and organizations, coalitions, and nongovernmental organizations.

The full statement of APMDD is at http://www.apmdd.org/our-programs/ecological-debt-environmental-justice-a-climate-change/statements/302-no-to-deutsche-bank-and-world-bank-as-green-climate-fund-partners.

The joint statement of civil society representatives at the Green Climate Fund, including APMDD, is at http://www.scribd.com/doc/270998470/Green-Climate-Fund-accreditation-of-Deutsche-Bank-sparks-concern-about-integrity-and-reputation-of-Fund.

Contact This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.