Climate Finance

Bodo Ellmers

A Global Green New Deal – new UNCTAD report outlines a financing plan

The debate about a Green New Deal has recently been reinvigorated in both sides of the Atlantic. In Europe, the Green New Deal is part of the priorities of the European Commission’s President-elect Ursula von der Leyen. And at the UN in New York last month, sustainable development was featured in a series of global Summits, including the Climate Action Summit. In response, UNCTAD used the momentum to  launch the 2019 edition of the Trade and Development Report (TDR) which analyses the new deal from a financing perspective, identifies constraints and outlines innovative financing options. 

  • Climate Finance

CSO FfD Group (including Women’s Working Group on FfD) Declaration High Level Dialogue on Financing for Development (FfD)

As the UN meets this September to discuss the climate crisis and sustainable development, it is evident that meaningful progress is only possible if world leaders commit to fix a broken global financial system. Those impacted the most by inaction as the world confronts the multiple crises at our doorsteps - financial crises,
debt crises, climate crisis, and crisis of multilateralism - are those at the bottom rung of structural inequality ladder. This is in violation of the fundamental principles of human rights, especially women’s rights and gender equality.
  • Climate Finance
Jan Van de Poel

A new European Commission: What are the implications for Development Finance in the next five years?

Following the European elections in May, former German defence minister Ursula von der Leyen has assumed the role of President-elect of the European Commission. In July, von der Leyen, the first woman to take this post, released a concept paper titled “A Union that strives for more” and on Tuesday this week she unveiled the names of the new Commissioners.  And with these releases, the policy agenda of the next European Commission, mandated to govern until 2024, is slowly taking shape. In response, we ask what are the implications for development finance?   

  • Development Finance
Cecilia Gondard

Eurodad in Action at the UN Financing for Development Forum

The United Nations convened in New York last week for the Financing for Development Forum. While the outcome document has been negotiated in advance, the Forum itself offered lots of opportunities to discuss what change we need to finance the sustainable development goals. 

  • Publicly-backed Private Finance
Tove Ryding

G20 Summit in Buenos Aires: A non-event amidst citizen protests

When the global financial crisis broke, the world looked to the G20 to find solutions. But as G20 leaders recently gathered in Buenos Aires 10 years on for their 2018 Summit, it was all too clear that ‘too big to fail banks’ have grown even bigger while we’re stuck with a vastly expanded shadow banking industry and a very worrying new wave of debt crises. Even though the G20 consider themselves to be the world’s major body for economic policy coordination, they are sleepwalking into the next crisis.

  • Climate Finance

Unjust Enrichment: How the IFC Profits from Land Grabbing in Africa

Eurodad member Bank Information Center in collaboration with Inclusive Development International, Accountability Counsel, The Oakland Institute and Urgewald, have released a report, Unjust Enrichment: How the IFC Profits from Land Grabbing in Africa.

  • Climate Finance
  • Bank Information Center
  • Inclusive Development International

Agro-Colonialism in the Congo: European and US development finance is bankrolling a new round of colonialism in the DRC

A report authored by Eurodad partners GRAIN and RIAO-RDC looks at how European and US development finance is bankrolling a new round of agro-colonialism in the Democratic Republic of the Congo (DRC).

  • Climate Finance

Fool's Gold: How Canadian mining company Eldorado Gold destroys the Greek environment and dodges tax through Dutch mailbox companies

Eurodad's member SOMO has published a new report titled Fool's Gold - How Canadian mining company Eldorado Gold destroys the Greek environment and dodges tax through Dutch mailbox companies. This report reveals that Greece’s economic recovery is being undermined by large-scale tax avoidance – enabled by the Netherlands. At the same time, Greece endures harsh austerity measures imposed by the European Commission, European Central Bank and IMF which are supported by the Netherlands. 

  • Climate Finance
  • SOMO

Take Action: Stop EcoEnergy's Land Grab in Bagamoyo, Tanzania

Eurodad’s member ActionAid has published a new report titled Take Action: Stop EcoEnergy's Land Grab in Bagamoyo, Tanzania. This report shows that approximately 1,300 people will lose some or all of their land or homes to make way for a sugarcane plantation which is a flagship project of the G8’s initiative to increase agricultural investment in Africa, the New Alliance for Food Security and Nutrition. While EU money does not directly go to the company, the EU has committed their aid funding in Tanzania in support of the goals of the New Alliance, an investment framework that prioritises the interests of the private sector and the creation of large commercial farms. 

  • Climate Finance
  • ActionAid