Feb 25, 2009

Finance and Climate Change in 2008

by UrskaMerc — last modified Feb 25, 2009 12:20 PM
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Preventing the World Bank from contaminating the climate change agenda



world oil bank

The World Bank is setting itself up to become the world's climate banker. But at the same time, the World Bank is the largest multilateral lender for oil and gas projects and a major deforester, fueling climate change.

The World Bank spends some $1 billion per year on the oil and gas industry.  And these projects don’t increase poor people’s access to energy. More than 80% of all oil projects financed by the World Bank are for export back to wealthy Northern countries. Meanwhile, pollution and social conflicts surround these projects.
Despite all of these controversies, the institution attempts to regain relevance in the global arena. It is now promoting itself as a major actor in the fight against climate change.  The Bank has started various initiatives ranging from carbon financing facilities and climate investment funds to a strategic framework on climate and development.


 women.jpg  global action day on climate change8  foei at bali global action day  

The world bank's climate funds are likely to:

1. increase the global South’s debt burden and force them to pay for the climate crisis that they are not responsible for;
2. place the last remaining forests in so called 'carbon offset schemes', which would undermine Indigenous Peoples’ land rights and do nothing to reduce emissions;
3. finance a version of “clean technology” that includes dirty coal, agrofuels and large hydro dams;
4. dramatically undermine United Nations climate talks.

oil poverty

read more: why the world bank's climate plans are not a good idea

Other resources


World Bank links


protest at the launch of wb's forest carbon partnership facility1

Protest at the launch of the World Bank's forest carbon facility, Bali 2007

Feb 21, 2009

Major Global Europe Conference

by JannekeBruil — last modified Feb 21, 2009 01:15 PM
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On 4 and 5 Dec 2008, over 170 people from more than 30 countries participated in highly inspiring debates on the Global Europe strategy.

global europe grace

Entitled 'Living Beyond its Resources: Impacts of Global Europe on Sustainable Development', the conference was jointly organised by Friends of the Earth Europe and the Globalisation Intergroup of the European Parliament.


The conference filled a gap in the current debate around 'Global Europe', where civil society groups and social movements have been little involved, as compared to the intense activity of European business and industry. The objective was therefore to raise public attention to the GE agenda, involve new stakeholders in the Brussels debate, and discuss alternative political paths for the European Union.


Speakers from both Europe and developing countries with a particular experience or knowledge about the issues participated actively in the conference's debates. Read more and watch photos of the conference here


Photo: Grace Garcia Munoz of Friends of the Earth Costa Rica speaks at the conference