MENA Fem Movement For Economic, Development And Ecological Justice

Here are MENA Fem Movement For Economic, Development And Ecological Justice’s takeaways from the #WBGmeetings. 👇🏼👀 🗣  Global North countries (constituting the major shareholders of The World Bank and International Monetary Fund) remain dismissive and prioritize short-term economic interests over long-term just transition and climate resilience. 🗣 When Ajay Banga, Managing Director of the The World Bank Group, was questioned about the continual funding of gas projects, he responded by arguing that renewable energy is not economically competitive. But we know that gas projects have continually failed to increase energy access to communities, instead prioritised for export. Read MENA Fem’s full reflection on the #WBGmeetings on their website, a well worth read! https://lnkd.in/ejEZndqB

Ombudsman Says IFC Fails to Adhere to its Own Inadequate Climate Change Policies – Opinion Substantiates Bank Climate Advocates (BCAs’) Extensive Findings The International Finance Corporation (IFC) Ombudsman (CAO) has issued an advisory report finding that IFC is failing to adhere to its climate change policies and that these policies are inadequate. 🌎 🔥 This report follows an intensive investigation led by BCA, and concerns raised by a coalition of 28 civil society organizations. The report raises questions about the IFC’s assertion that most of its investments are aligned with the Paris Agreement and its commitment to achieve 100% alignment by July 1, 2025. BCA’s audit of 350 IFC investments unveils even more widespread failures by the IFC to adhere to its GHG emissions accounting, alternatives analysis, mitigation, and disclosure obligations prior to its financing decisions for each investment. Take a look at our press release on this important milestone detailing the CAO's Opinion and BCA's Findings below! ✨ 🐢 💥 💫 🌱 #climatechange #worldbank #climatefinance #internationallaw #parisagreement #ifc #internationalfinancecorporation #IFCCAO Thanks to the incredible coalition of CSOs making an impact on this project and fighting for much needed climate change reform at the World Bank and IFC. Bank Climate Advocates, Big Shift Global, Recourse, Oxfam, Oil Change International, PowerShift Africa,Wishtoyo Foundation, Don't Gas Africa, Senik Centre Asia, Trend Asia, Bretton Woods Project, Indus Consortium, MENA Fem Movement For Economic, Development And Ecological Justice, Centre for Financial Accountability, Sustentarse, Caribbean Policy Development Centre, Caribbean Youth Environment Network, Alliance for Climate Justice & Clean Energy, Associação Utchessa – Moçambique, Center for International Environmental Law (CIEL), aiced rdc, Centre for Citizens Conserving Environment&Management (CECIC), Foundation for Environmental Management and Campaign Against Poverty (FEMAPO), Sinergia Animal, Alternative Law Collective, Friends of the Earth U.S., Adfree Cities, Weltwirtschaft, Ökologie & Entwicklung, Climate Clock Democratic Republic of Congo, Ecumenical Institute for Labor Education and Research https://lnkd.in/gZsnqWhs

Watch #FeministForeignPolicy needs to consider the political economy, ecology, AND the #climate crisis Shereen exposes Violence in the Name of FFP #FeministForeignPolicy #Peace #WomensRightsAreHumanRights #FFP #feminism .Shereen Talaat #Gender

🌍Read MENAFem reflection on the The World Bank -International Monetary Fund Annual Meetings 2024. 👇 https://lnkd.in/ejEZndqB

NEW 🚨 we were happy to co publish Oil Change International report , Thevl Cop Troika, Last year the UAE led the COP28 agreement to end fossil fuels. Now, the country ranks 🥇 in the world for oil & gas expansion approvals since December 2023. Brazil ranks🥉. 1.5°C means ending fossil fuel expansion everywhere. https://lnkd.in/dZX2qxB5

NEW BRIEFING: COP Troika nations - Brazil, UAE, and Azerbaijan - plan to expand oil and gas production 32% by 2035, endangering the 1.5°C climate limit their role as COP presidencies is meant to champion. The data shows: - The projected increase in oil and gas production by 2035, the date at which the NDCs due next year will end, is 36% for Brazil, 34% for the UAE, and 14% for Azerbaijan. Globally, fossil fuel production must decline by 55% by 2035 to limit warming to 1.5°C, according to the International Energy Agency. - Together, the Troika nations account for almost one third of oil and gas expansion approved globally since the start of the year. - The UAE and Brazil rank first and third in the world in terms of oil and gas expansion approved since the COP28 decision to transition away from fossil fuels. Global North countries remain the biggest expanders of oil and gas production and have the responsibility and the means to lead in phasing out fossil fuels. But, the Troika countries, through the role they have sought to assume in global climate diplomacy, bear a responsibility to set the bar. The UAE, Azerbaijan, and Brazil must lead by example and establish the benchmark that 1.5°C-aligned national climate plans include a clear commitment to end new oil, coal and gas projects. The Troika countries have a clear choice to make: halt new fossil fuel projects and begin to align with 1.5°C goals, or ignore the science and betray climate commitments. Read the report: https://lnkd.in/dBiR2XZx 

NEW BRIEFING: COP Troika nations - Brazil, UAE, and Azerbaijan - plan to expand oil and gas production 32% by 2035, endangering the 1.5°C climate limit their role as COP presidencies is meant to champion. Global North countries remain the biggest expanders of oil and gas production and have the responsibility and the means to lead in phasing out fossil fuels. But, the Troika countries, through the role they have sought to assume in global climate diplomacy, bear a responsibility to set the bar. The UAE, Azerbaijan, and Brazil must lead by example and establish the benchmark that 1.5°C-aligned national climate plans include a clear commitment to end new oil, coal and gas projects. Proud to be part of the team and partners behind this briefing: Romain IOUALALEN Nicole Rodel Kelly Trout Shereen Talaat Amena Sharaf Andreas Sieber Camilo Rodríguez

Join us today if you are in person in #NYC attending the #UN #FFD A discussion around IFIS ,MDB reform .@cs_ffd

Building up to #COP29Azerbaijan Our Climate and Economic Justice Officer Amena Sharaf will be speaking in the Webinar: Rechannel Climate Finance From False to Real Solutions! join us with IBON International @GFC_forests @YACAPhilippines and others in a discussion on #falsesolutions #climatefinance and #NCQG Register here: bit.ly/RRSWebinar3