Good energy Bad energy Exhibition
A call for urgent action to put an end to dirty energy
Peoples in Asia are among the most threatened by climate change – a crisis induced by unabated fossil fuel use of a global capitalist system’s inexhaustible drive for profit, private wealth and accumulation. This very system pushes us ever deeper in impoverishment and misery. It leaves massive environmental destruction in its wake, increasing our vulnerabilities to the intensifying catastrophic effects of a crisis we did not cause.
Yet, fostering the dirty energy sources that support this system remains high up in the agenda of many states and international financial institutions. Despite avowals of commitment to sustainable development, they persist in meeting the demands of big business for coal, gas, oil and other fossil fuels in the face of incontrovertible evidence of the climate-damaging effects of greenhouse gases from fossil fuels. They continue to enable huge investments to pour into new dirty energy projects especially in South. Leaving renewable energy programs poorly funded, they provide huge handouts and subsidies for dirty energy corporations out of peoples’ money.
Korean Federation for Environmental Movements urge Kexim Bank to end Coal Financing
27 June 2016, Korea Federation for Environmental Movements
The thirteenth meeting of the Board of the Green Climate Fund (GCF) will be held from Tuesday 28 June to Thursday 30 June 2016 in Songdo, Incheon, Korea. Civil society groups are paying close attention to whether the Korea Exim bank could be accredited of Implementing Entity of GCF. Korea Exim bank applied in June 2015 to be accredited as Implementing Entity, institutions allowed to access to GCF funds and disburse them.
There has been big concerns over Korea Exim bank’s involvement in GCF as the bank has the long record of providing financing support for coal projects. The objective of GCF is “to promote the paradigm shift towards low emission and climate-resilient development pathways by providing support to developing countries.” Korea has been praised internationally as a model on climate change and green growth as it announced the ‘low carbon and green growth’ as a national vision in 2008 and hosted GCF headquarter in Songdo.
CSOs in Sri Lanka urge the GCF to approve Project Proposal
The Board Members,
Green Climate Fund
We, the undersigned civil society organizations in Sri Lanka, wish to bring to your notice the serious misunderstanding of facts and ground reality in the Independent Technical Advisory Panel (ITAP) I review of climate adaptation proposal from Sri Lanka.
We wish to reiterate that the proposal: Strengthening the resilience of smallholder farmers in the Dry Zone to climate variability and extreme events through an integrated approach to water management was developed with wide consultation of CSOs and local NGOs and communities at risk and under pressure due to climate change. The proposal was entirely country driven and reflects strong ownership of CSOs representing these vulnerable communities in both conflict-affected and non-conflict-affected districts in the three provinces.
We were extremely pleased when the project obtained necessary clearances from the GCF Secretariat and was listed for Board approval in June. We, however, strongly disagree with ITAP’s assessment which we believe stems from misunderstanding of Sri Lanka’s current context as a post-conflict country and civil society’s engagement on the ground.
We would like to highlight our response and considerations for the Board in light of ITAP’s concerns and assessment: