Clean Development Mechanism (CDM)

World Bank Advised to Stop Supporting Dams with Carbon Credits

The idiocy of carbon credits.
The idiocy of carbon credits. Nitrozac and Snaggy - The Independent Evaluation Group (IEG), a wing of the World Bank charged with assessing the Bank's activities, has advised the Bank to stop buying carbon credits from hydropower projects because "it has minimal impact on project bankability".  We've known all along that hydro credits are NOT additional. For projects to be eligible for carbon credits under the Kyoto Protocol's Clean Development Mechanism, they must fulfill two criteria: sustainable development and additionality. Unfortunately, host coun

Conservation Strategy Fund Comments to CITSC on the Bonyic Hydroelectric Project (Panama)

Friday, September 3, 2010
To Whom It May Concern: This letter contains my comments on the subject of Clean Development Mechanism credits for the Bonyic Hydroelectric project in the Teribe watershed of Panama. This project does not meet the CDM's requirement of financial additionality. A study conducted by Conservation Strategy Fund and partners in 2006 found that the Bonyic project was financially feasible without carbon credits. The study analyzed the Bonyic project along with three planned at the time on the Changuinola River, finding that the collection of projects would generate an after-tax net present val

FERN Comments to CITSC on the Bonyic Hydroelectric Project (Panama)

Tuesday, September 21, 2010
FERN supports the comments submitted by Alianza para la Conservación y el Desarrollo (ACD) and requests that the Bonyic hydroelectric project be rejected as a CDM project for the reasons outlined in detail in the ACD submission. In particular, FERN would like to emphasis the controversial nature of the hydro project itself, which led to the Inter-American Development Bank (IADB) having refused to participate in this hydro power project in 2005 (see letter submitted with ACD submission to the CDM). According to the Project Design Document (PDD p. 17-18), Corporacion Interamericana para el Fin

Comments on the Bonyic Hydroelectric Project (Panama)

Saturday, September 4, 2010
Submitted to the Colombian Institute for Technical Standards and Certification (CITSC)The Bonyic Hydroelectric Project should not be eligible to receive CDM credits because the project is non-additional, has numerous adverse environmental and social impacts, and did not properly inform project-affected people. Construction already began in October 2007, prior to the proposed project validation date, so it cannot be considered additional. If the project really depended on the sale of carbon credits to be viable, then the project would not be able to start until validation of the project by the

Hydro Developers Continue Efforts to Rip-Off the Climate

Bujagali Falls
Bujagali Falls In the past month, International Rivers has submitted comments on the applications to the Clean Development Mechanism for two nasty hydro projects: Bugajali Dam in Uganda, and Bonyic Dam in Panama. Our local partners have been active in opposing these projects on environmental and social grounds. Like most, if not all, of the 749 large hydro dams that have been approved to sell CDM carbon offsets, or have applied for approval, these dams will be completed regardless of receiving carbon credit income. They therefore should be ineligible for the CDM, which requires projects to b

Kyoto's Carbon Offsetting Moves from Tragedy to Farce The Kyoto Protocol's Clean Development Mechanism (CDM) has long been known to be a honey pot of carbon credit income for cheating project developers. But a recent investigation commissioned by German NGO CDMWatch shows that the problem is even worse than many critics had feared. The investigation, carried out by carbon market expert Lambert Schneider, strongly suggests that chemical companies, mostly in China, are ramping up production of a climate-destroying waste gas purely to make money from its destruction. The companies are currently earning billions of

Comments on Bujagali Hydropower Project's Second Application (Uganda)

Thursday, August 19, 2010
To understand the largely fictional nature of this application to the CDM, one needs only to read the first line of the PDD: "The Bujagali Hydropower Project is a proposed hydropower..." It is not proposed. It is well over half complete. This basic fact is nowhere mentioned in the PDD. Bujagali Dam is going to be completed regardless of whether or not it is able to receive income from selling CDM offsets. It is non-additional and should not be validated as meeting the CDM's requirements. According to the latest issue posted on-line of Bujagali Energy Limited's newsletter, as of 31 March 2010,

Movimiento Social Comments to RINA Regarding the Sogamoso Hydropower Project (Colombia)

Cuenca del río Sogamoso y río Chucurí, donde se tiene proyectado construir la represa.
Friday, July 16, 2010
Argumentos de las comunidades ante la solicitud de MDL por parte de ISAGEN para el proyecto hidroeléctrico Hidrosogamoso, departamento de Santander, ColombiaCuenca del río Sogamoso y río Chucurí, donde se tiene proyectado construir la represa. En ese valle viven comunidades de campesinos, pescadores y mineros artesanales que viven del material de arrastre del río. La foto fue tomada desde la vereda Sogamoso, en el municipio de Betulia, en noviembre de 2008. El Movimiento Social en Defensa del Río Sogamoso, conformado por líderes comunitarios, estudiantes, ambientalistas, organizaciones

Dardanelos, Part 2: Tragedy Not Erased by CDM Botox

Lula Gets Botox Treatment
Lula Gets Botox Treatment Revista Veja Read part 1 of this blog. Have you ever known someone who has had botox? In the procedure, needles are stuck in your face and a bacterial neurotoxin byproduct – basically, botulism – is injected under your skin. And away go the wrinkles. The Brazilian hydro industry has been injecting plenty of botox into inviable projects in the hopes of giving grandfathered dams a nice clean, green sheen.  However, sometimes, despite how much botox is applied, some wrinkles just won't go away.   In 2006, energy company Aguas de Pedra submitted a project des

Comments to ERM Cert on the Guangxi Dahua Hydropower Project (China)

Monday, July 19, 2010
Comments to ERM Certification and Verification Services Ltd Regarding the Guangxi Dahua Hydropower Project International Rivers provides the following comments on the application for CDM validation of the Guangxi Dahua Hydropower Project (GDHP). The comments are based on information from both government and industry online sources. Summary of Concerns The 110MW GDHP, which is an extension of the existing Dahua Dam, is non-additional. The website of the operator of the existing dam states that the expansion project started construction in 2007 and was completed in July 2009. It cannot therefor


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