The Asian Peoples' Movement on Debt and Development strongly opposes the Green Climate Fund Board decision approved today, July 9, to accredit the Deutsche Bank and World Bank as its international financial intermediaries. We call on the GCF board to reverse the decision to accredit both banks.
Intermediaries are institutions allowed to access GCF funds, and in turn disburse them to other groups who will be implementing projects and programs in developing countries. They have a significant role in enlisting and overseeing implementing entities, as well as soliciting projects and programs for approval by the GCF Board.
Intermediaries should be held to the highest fiduciary and financial accountability standards, as well as have the capacity for enforcing social-economic and environmental safeguards. But weighed against these measures, both Deutsche Bank and World Bank are found wanting. 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.
Nothing less than a systemic transformation of our societies, our economies, and our world will suffice to solve the climate crisis and close the ever-increasing inequality gap.
After over 20 years of stunted and ineffective action to reduce climate pollution by governments – particularly in wealthy countries that have failed to meet their legal and moral responsibilities – only urgent and transformative and systemic change that can address the root causes of the crisis and deliver what is needed to keep global temperature rise below 1.5 degrees Celsius, the limit beyond which climate impacts will become potentially catastrophic.
The urgency to keep temperatures down is not just about the planet and the environment. It is about people, and our capacity as humanity to secure safe and dignified lives for all.
MANILA, 30 June 2015 – A broad alliance of Southern social movements and international organizations sent a joint statement calling for climate justice to the heads of the recently-concluded United Nations climate meeting in New York.
Yesterday's high-level event was convened by the UN general assembly ahead of the Paris climate talks in December, in which almost 200 countries are expected to agree on a new climate deal.
The Asian Peoples' Movement on Debt and Development (APMDD) co-authored the "People's Test on Climate in 2015" statement with ActionAid International, Bolivian Platform for Climate Action, CIDSE (International Cooperation for Development and Solidarity), Environmental Rights Action/Oil Watch, Friends of the Earth International, Greenpeace International, International Trade Union Confederation, LDC [Least Developed Countries] Watch International, Mesoamerican Campaign for Climate Justice, Oxfam International, Pan-African Climate Justice Alliance, and 350.org.
:Despite initiatives like the New York meeting, we are not on track to averting the climate crisis, much less delivering justice for peoples already impacted by climate change," said Lidy Nacpil, APMDD coordinator.
:The much-awaited Paris summit must catalyze substantive emissions reductions; provide adequate funds and technology to developing countries; deliver on adaptation, loss and damage, and a just job transition; and focus on renewable and efficient solutions rather than false solutions such as carbon markets and geo-engineering," she added.
:The scale of transformation the world needs to address the climate crisis, as well as the urgency with which this transformation must happen, is huge," the heads of the organizations stated in a letter to the president of the UN General Assembly and the Peruvian and French ministers who are shepherding the UN climate talks. "The solidarity between our groups and those sharing our struggles will grow, and with it our power. We will be watching, in Paris in December and well beyond."
The full "People's Test on Climate in 2015" statement can be accessed here.
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.
For more information, please contact Denise Fontanilla.
No more deception! No more excuses! Climate Finance now!
A Green Climate Fund for People and Planet and not Private Profit!
The delivery of climate finance for developing countries is one of the commitments and obligations of developed country governments under the UN Framework Convention on Climate Change (UNFCCC) and is one of the pillars of the Bali Road Map agreed during the UNFCCC Conference of Parties held here in Bali in December 2007.
Climate Finance is urgently needed to enable developing countries to deal with the impacts of climate change, build climate resilience, and shift to low carbon development pathways.
In November 2013, Typhoon Haiyan struck the Philippines leaving more than 6,000 people dead, several million people displaced, and more than 879 million US dollars cost of damages to infrastructures and agriculture. In January, heavy rains drenched a huge portion of Indonesia causing massive floods, deadly landslides and more than 40,000 displaced individuals. The total cost of damage is estimated at 80 million US dollars. There is the prolonged drought in the Horn and East Africa, the freak phenomena of floods in Mozambique and the Somali Puntland Hurricane in November 2013 which killed around 300 people, and the climate change – induced natural resources scarcity in the savanna belt of Africa (e.g. Darfur) that is giving rise to conflicts and severe food crisis.
The Board of the Green Climate Fund is now holding its sixth meeting at the Nusa Dua Convention Center in Bali, Indonesia.
TODAY – Activists and experts expressed outrage at the revelations that the U.S. government, through the NSA and its allies, conducted espionage on participants of UN climate talks.
They are calling for President Obama to commit to no further spying on participants of the talks, accompanied by a drastically increased commitment to climate action on the part of the U.S., if the talks are to succeed as they build toward another global summit at the end of 2015.