Under the guise of an initiative to promote sustainable energy technologies, governments are about to grant subsidised export credits for hydropower projects.
This report looks at the experience over the last ten years with dams financed with official export credits. It finds that these projects have had massive social and environmental impacts, including large-scale involuntary resettlement, human rights abuses, the loss of critical habitats of endangered species, and, in some cases, greenhouse gas emissions greater than those from thermal power plants. If the governments go ahead with their plan, they will turn an environmental effort into a Trojan horse for environmental destruction.
Categories: Export Credit Agencies (ECAs)