ActionAid Ireland’s colleagues and partners in Gaza displaced and going hungry amid intensive bombing, as charity describes Gaza as ‘hell on earth’ and demands siege is lifted now 

ActionAid Ireland’s colleagues and partners are reporting hellish conditions in Gaza as bombing intensifies and supplies run out. Hundreds of people have been killed and nearly 100,000 have been displaced in the last few days alone as the Israeli military further intensifies its attacks and expands its ground operation.  

Karol Balfe, ActionAid Ireland CEO said: “There are simply no words to describe the horror people in Gaza are living through right now, with the entire strip under intense attack and virtually no food or other essentials available. Every single day the news from our colleagues and partners in Gaza gets more unbearable.”
 
Staff at ActionAid Ireland’s partner organisation WEFAQ have been forced to evacuate their office and homes in Deir Al-Balah, but with near-constant attacks across the entirety of the strip and nearly 80% of the territory under evacuation orders, there is nowhere safe for them to go. 
ActionAid’s emergency response manager in Gaza, Alaa, who was also forcibly displaced from his home in Deir Al-Balah, said people were fleeing with just the clothes on their backs while hungry and exhausted.

“Gaza is hell on the earth,” he said. “We live under non-stop bombing along with starvation…The situation is beyond impossible.” 

After almost three months of a total blockade on any food or supplies entering, nearly everyone in Gaza is going hungry. One staff member at WEFAQ told ActionAid that she and her children had not had anything to eat for three days now: the last meal they ate was a single loaf of bread which they divided up between them. She said she knew of three pregnant women who had experienced miscarriages in the last few days, likely as a result of the dire lack of food.  

There is hardly any food left in the markets, and the items that are available are unaffordable, with a single kilo of flour currently costing 130 shekels [around £27.50], according to our colleagues in Gaza.  

On Sunday, the Israeli authorities announced they would begin to allow a very limited amount of aid into Gaza. Ms Balfe said: “Let us be clear: a handful of deliveries will do next to nothing to alleviate the hunger of an entire population which has been deliberately starved for more than 11 weeks now. This is an utterly insufficient step that amounts to little more than a PR stunt as, in Gaza, people continue to go without the basic essentials needed to sustain life: as of Wednesday morning, while some trucks had entered the territory, no aid had yet been distributed, according to the UN.

Ms Balfe continued:

The stakes could not be higher. Every single one of the 2.1million people inside Gaza is experiencing acute food insecurity, according to the IPC, while the UN says 14,000 babies are at risk of imminent death. This unconscionable siege must end now. All border crossings into Gaza must be opened immediately. Aid must be allowed to enter at scale if there is to be any hope of halting a full-blown famine in its tracks.”  
  
Ms Balfe said: “As the Israeli authorities continue to relentlessly bomb and starve the population, while openly announcing plans to take control of Gaza, it’s time for world leaders to take the tangible action needed to apply real pressure on the Israeli government to change course. That includes a full arms embargo and targeted sanctions. What more will it take for them to act?  She added: “The indefensible siege on Gaza is not over: it must be lifted and the war must end now, for good. There is no more time to waste.”

Protesters holding End Fossil Fuels banner at a climate demonstration, advocating for renewable energy solutions.

Protestors at COP 28 in Dubai. Photo: Konrad Skotnicki.

Climate protest with diverse crowd holding signs about environmental action in a city square.

Belfast Climate Change March, 2019. Photo: Trócaire.

The Profit Driving the Crisis

Despite their overwhelming contribution to global emissions, fossil fuel companies continue to attract significant financial backing—driven by their enduring profitability. This is starkly illustrated by the case of ExxonMobil, the top fossil fuel investment held by asset managers based in Ireland. In 2023, ExxonMobil reported €33.63 billion ($36 billion) in profit. That is almost twice the GDP of Botswana (€18.1 billion) and nearly three times Namibia’s GDP (€11.5 billion).

Ireland plays a hugely disproportionate role in facilitating investments into fossil fuel companies like ExxonMobil. In 2023, the investments made into fossil fuel companies by investment managers based in Ireland generated an estimated 72.5 million tons of CO2e. This is more than the CO2e emissions for the entire country of Ireland—and more than ten times that generated by Sierra Leone.

The Global Human Impact

The climate crisis is here, now, and it is causing disproportionate harm in the Global South. In Bangladesh, rising sea levels and increasingly severe cyclones are displacing coastal communities, with projections indicating that 17% of the entire country could be underwater by 2050. The legally binding Paris Agreement on climate change explicitly acknowledges the importance of tackling private finance. Its three overarching goals are: keeping below 1.5C of warming; increasing adaptation and making finance flows consistent with low emissions and resilience.

This gives a clear mandate for action:  both tax reform and corporate regulation are needed to tackle financial flows, and both nationally in Ireland and at EU level, ‘polluter pays’ taxes are lacking and regulation of the financial sector remains weak and fragmented. While EU regulation exists, it is designed more to nudge investors toward more sustainable investment practices by increasing transparency and reporting levels than to enforce strict standards. And it is moving in the wrong direction: the recently passed EU Corporate Sustainability Due Diligence Directive excluded investments; and now the EU Commission’s Omnibus legislative proposal threatens to undo the limited gains made on climate plans, as well as blocking future attempts for stronger action at national level.

The Risk of Inaction

Fossil fuel investment is too profitable to remain weakly regulated. If Ireland continues with its current strategy of encouraging FDI at all costs, and relying on weak EU regulation, we are headed for catastrophe. The Inter-governmental Panel on Climate Change has repeatedly warned that every fraction of a degree beyond 1.5°C brings irreversible consequences: collapsed ice sheets, vanishing coral reefs, and extreme weather events that will make vast regions of the planet uninhabitable. And yet, companies are developing oil and gas fields that could push global warming beyond 2°C.

Our research found that 91% of the investments made into fossil fuel companies by investment managers based in Ireland were to companies that have plans for fossil fuel expansion like these. Ireland cannot afford inaction on this issue.

About This Research

The figures in this report regarding investment from Ireland are based on new research commissioned by ActionAid Ireland and Trócaire. In the paper, we uncover the scale of fossil fuel investment through Ireland, who the investors are, and in which fossil fuel companies they are investing.  We analyse the current regulatory framework and explain why it is inadequate—and moving in the wrong direction. And we make specific recommendations for change, which are summarised below.

Summary of Recommendations

Regulate the private financial sector
Ireland must end its outsized role as an enabler of destructive fossil fuel investment. Ireland should introduce a strong gender-responsive national human rights and environmental due diligence framework which includes the regulation of investors with respect to human rights and the environment and climate. The transposition of the EU Corporate Sustainability Due Diligence Directive could achieve this if downstream activities are included and the Omnibus proposal is rejected. Ireland should prohibit investments in fossil fuel expansion and require investors to implement climate transition plans consistent with a 1.5°C climate limit.

Endorse the Fossil Fuel Non-Proliferation Treaty
Ireland should endorse developing a Fossil Fuel Non-Proliferation Treaty to curb fossil fuel expansion and commit to a fair and funded phase out of fossil fuels.

Support tax justice
Ireland should support bold and fair new global tax rules through the UN Framework Convention on Tax, should adopt all OECD BEPS measures, and should conduct an updated and comprehensive spillover analysis of its tax policy. Ireland should take coordinated action globally, at the EU level and domestically to introduce a range of new taxes to mobilise finance needed for climate justice, based on ‘polluter pays’ and social equity principles such as wealth taxes for the highest earners, climate damages tax on investors, fossil fuel production taxes and levies on aviation and shipping.

Finance a just transition
Ireland must also meet its fair share climate finance obligations under Article 9.1 of the Paris Agreement, and pay our ecological debt to the Global South. Ireland should support conditionality-free debt cancellation for countries on the front lines of the climate crisis, commit to a new UN Framework Convention on Sovereign Debt, moving debt negotiations from the IMF to the UN, and to a debt workout mechanism that is fully representative and fair.

Further reading