Till recently Tehri dam's backer, World Bank now cries for green cause!

After funding many projects deemed harmful for the environment, the World Bank is now on a mission, trying to champion the cause of environment

trithesh

Trithesh Nandan | June 20, 2013



If this is a change of heart for the World Bank, it could not have come at a better – or worse, depending on the angle from which you look at the issue– time. As hundreds are feared dead and/or are missing in Uttarakhand, the institution known to back development projects even at the cost of local environment is talking, ever so humbly, about climate change and all that jazz.

ALSO READ: "Let the rivers be, and they won't harm you"

Be warned: Uttarakhand rains not that unusual

As the hill state of Uttarakhand was coming to terms with its worst natural disaster in years, the World Bank released a report on June 19 (read m,ore on it here) that warns of climate change hitting India, as well as the world at large, very hard.

This, incidentally, is the same institution that funded the controversial Tehri hydro dam in Uttarakhand despite opposition from environmentalists and experts on ecology.

Many environmentalists had opposed the dam when it was being constructed, as the environmental harm of locating such a large dam in a fragile ecosystem in the Himalayan region, they claimed, could be disastrous. Nevertheless, the World Bank pumped in $648 million in way of loan to the project even as late as 2011.

While the Washington DC-based lender bank has funded coal-based power plants, known to be harmful for the environment, in many developing countries, some World bank-funded projects that came under the scanner in recent years in India are the Tata Mundra plant, a coal-power plant run by GMR Kamalanga Energy Limited in Odisha, and the NTPC coal power project at Singrauli, Madhya Pradesh.

After locals vented their ire at the Vishnugad-Pipalkoti power project in Uttarakhand, the World Bank in fact sent its own team to probe the issue. And these are only a few projects!

So, is there a change of heart now?

World Bank representatives would not break that easily, of course. "There are not easy choices for country like India. You don’t have much option left," said Onno Ruhl, World Bank’s country director for India, when asked why the bank funded projects in coal and hydropower despite resistance from locals, activists as well as experts.

While Ruhl admitted that the World Bank has committed some mistakes in its 68-year presence, he also defended earlier funds provided by the institution in India. "You have coal, and you don’t have much controversy on risks of coal,” he said. “It is very important to work in the area of different sources of energy because energy is needed for development – and hydro (power) is part of that equation.”

While a report says the World Bank has “directed $37 billion to the construction or expansion of 88 coal-fired power plants” across the world since 1994, the bank says its old policy on coal projects is now being phased out across the world.

But how did this change come about?

While protests by environmentalists against World Bank-funded projects deemed harmful for environment has only increased in recent years, the final straw, from all accounts, was massive protests in the United States.

Ergo the change in opinion.

According to the latest report, "An expected two degree Celsius rise in world's average temperatures in the next decades will make India's summer monsoon highly unpredictable.”

The bank is also talking about working together with India on building what it calls “resilience against the impact of the present warming trends”. Having closed its eyes to hydro projects all these years, the institution is now also talking on supporting environmentally sustainable hydropower in India.

The World Bank started taking nano steps in changing rules regarding coal plant lending in 2011, but the rules applied only to the poorest countries, and not for developing nations like Vietnam, India and South Africa, which are off the list. While it is welcome to champion the green cause now, the World Bank cannot wash its hands off “environmentally fragile” projects it has helped set up across the world till date.

And as Uttarakhand struggles to fight a disaster – according to environmentalists made worse by man’s construction frenzy, and greed – with an ever-watchful eye on the Tehri dam, many experts are calling it crocodile tears that might be too little, and too late.

Comments

 

Other News

What unpaid nation builders want from policymakers

The Supreme Court recently described homemakers as “nation builders” and fixed a notional monthly income of Rs 30,000 for them in motor accident compensation cases. The judgment was not about wages. It was about compensation. Yet it inadvertently raised a larger economic question: If a homemake

What the US–Iran peace deal means for India

After months of rising tensions, the United States and Iran have reached a memorandum of understanding called the "Islamabad Agreement." This agreement allows for the immediate reopening of the Strait of Hormuz without tolls and provides Iran with relief from sanctions, depending on its complianc

V. M. Tarkunde: A legal luminary par excellence

14 Lawyers: Portraits from The Bar By Raju Ramachandran  Juggernaut, 248 pages, Rs. 799  

The Cost of Obesity

The latest episode of Checks and Balances focuses on the ticking time bomb of obesity in India, and Geetanjali Minhas of Governance Now spoke with a panel of experts. You can watch the episode here: https://youtu.be/mH

US-Iran deal: Path to peace or prelude to deeper regional quagmire?

In the midst of deep mistrust, the US and Iran are reported to have reached a framework deal for ending the West Asian conflict. But whether it will result in any meaningful breakthrough or pave the way for any lasting peace in the region, is in the realm of speculation.   During

Lived life, philosophy, spirituality and other enigmas

The Ashes Are Warm: Memories of a Lifetime Spent with UG Krishnamurti By Mahesh Bhatt and Sunita Pant Bansal Rupa Publications, 384 pages, Rs 495  





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter