Minister of State Hans Philpreve (Tax Law) said that the Netherlands has joined a leading group of European countries. Together, they agreed to investigate how to reduce financial support for exports related to fossil energy projects.
This relates, for example, to insurance risks associated with the construction of pipelines for oil projects by Dutch drilling rigs. Denmark, Germany, France, Spain, Sweden and the United Kingdom also participate in this pioneering group. According to the agreements, coal-fired power plants and coal-related projects will not receive export financing.
On the other hand, sustainable exports are stimulated, for example the parts or knowledge required for renewable energy projects. Countries are taking measures to encourage exports for green projects. It is also examining whether the climate impact of export finance can be measured.
Elimination of Forests
On Wednesday, the World Wildlife Fund released a report naming the Netherlands one of the largest in the European Union with imports linked to deforestation in South America and Southeast Asia. Our country is responsible for clearing nearly 30 thousand hectares of forests and other nature every year to grow soybeans for animal feed and palm oil. WWF wants stricter European regulations.
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