As about 500 global financiers meet in London on March 5-7, 2019, one of the items on agenda pushed by Big Hydro lobby is criteria to include Big Hydro as climate solution. As following Comment in Nature shows, this is completely based on lobbying efforts and not based on merit of the case. If the merits of large hydro were to looked at objectively, there is absolutely no case of inclusion of Large Hydro as climate solution. In fact, the article does not attempt to list the severe, widespread and long lasting adverse social and environmental impacts of large hydro. Today when there is BIG question mark over even economic viability of large hydro, such attempts are clearly uncalled for. Hope the global financiers will see through this lobbying effort.
The World Hydropower Congress will meet in Paris during May 14-16, 2019. Their program says:
Following over two years of discussions with industry, academia, governments and international NGOs, the Climate Bonds Initiative, an investor-focused not-for-profit is due to launch a consultation later this year on proposed green bond criteria for hydropower. This criteria is seen as key to fully unlocking the market to the hydropower sector, as to date it has been held back a lack of clarity over appropriate standards. https://congress.hydropower.org/2019-paris/programme/green-bonds-for-hydropower/
This shows that the Congress, essentially a Hydropower Lobby meeting, is also interconnected with the Climate Bond Initiative on Hydropower.
Continue reading “DRP: 25 Feb 2019: Climate Bonds Initiative: Big Hydro is NOT climate solution”
SANDRP 