What’s the Deal with “Sustainable Banking”?

Citizens in the Mekong region are increasingly hearing about “sustainable banking,” mostly associated with infrastructure and energy projects. It means regional banks, slow to commit to sustainability, are increasingly considering more responsible ways of doing business.

Cambodia recently joined Thailand, Laos, Vietnam, China and 20 other emerging market economies in committing to better environmental and social risk management practices under the International Finance Corporation’s (World Bank Group) Sustainable Banking Network. And just this week, the Association of Banks in Cambodia (ABC) announced an initiative promising to work toward sustainable banking principles for Cambodia, “as ways to mitigate the damage associated with infrastructure, energy and large scale agribusiness projects.”

Govt sidesteps controversial Thanlwin in hydropower push

U Htay Aung, deputy permanent secretary of the Ministry of Electric Power and Energy, told The Myanmar Times last week that the projects – the Shweli (3), Upper Yeywa and Upper Kyaing Taung dams – are seen by the ministry as a means of meeting energy-deprived Myanmar’s electricity needs, while noting that the earliest expected completion dates were 2020.

Along with a fourth dam under construction in Rakhine State and a fifth in Nay Pyi Taw’s Pyinmana township, the projects’ electricity generation will total more than 1500 megawatts, he said, nearly half of Myanmar’s current installed capacity nationwide.

Hurdles for environmental impact assessments

What is the biggest challenge in carrying out an environmental impact assessment (EIA) for a project in Việt Nam?
As we all know, an EIA is a scientific process that comes up with some projection of the environmental impacts that a project may cause to its surroundings. But currently, an EIA is expected to come up with assessments on areas that do not belong to its ‘original task’ like social impact assessments (SIA), health impact assessments (HIA) and risk assessments (RA).

Though the work demanded for a good EIA report is large, the capital resources allocated for EIAs in Việt Nam is very limited – between just 1-10 per cent of the average resources it receives in other countries. That’s the key reason why an EIA report in Việt Nam is not as comprehensive and independent as it should be.

Mega project to take 4 billion m3 of water from Mekong River

On the Loei River, a tributary of the Mekong River, an “unreal” project of water diversion by Thailand is about to commence, which would cause severe conflicts on water usage on the Mekong. The project with the name of Kong-Loei- Chi-Mun is a “massive operation” on the whole of the Loei River and will result in villages and houses being wiped out to make way for water containment. Not only the livelihood of the people connected with Loei River will be threatened, but also serious impacts of such a project will spread down to the Mekong Delta.

Why silt is so important for the Mekong

Just as forests are more than only trees, rivers are more than water. The Mekong river carries massive loads of sediment and nutrients from upstream to downstream and across national borders, replenishing and enriching the land as it goes. This process is key to sustaining the ecological integrity of the river and surrounding landscapes, which in turn supports the economy.

However, a boom in sand mining and hydropower development on the Mekong is transforming the river’s sediment flows, with profound consequences for the region if left unchecked. For a prosperous, sustainable future for the region, all Mekong countries must come together now and adopt international standards for managing transboundary river resources.

Hydropower commission proposes working visit to Kachin State

The investigation commission for hydropower projects on the Ayeyawady River is discussing the possibility of making a field visit to Kachin State on September 15, according to sources in Myitkyina.

“The commission has been discussing whether it would go to Kachin State. It may be on September 15, but it has not informed us of its plan or how many officials will make the trip,” said an unnamed official within the Kachin State government.

Salween River Dams Should Not Replace Myitsone Dam

Preparations should be made to prevent dam building on the Salween River, the home of many ethnic people, replacing the Irawaddy River’s Chinese backed Myitsone Dam project if it is cancelled.

The comments were made by the Mon State Hluttaw (parliament) Deputy Speaker Dr Aung Nai Oo at the press launch of a Mon Youth Progressive Organisation (MYPO) report entitled ‘In the Balance’, held at the Ramanya Hotel in Mawlamyine, Mon State on 9 September.

Thailand plans to dust off Hatgyi Dam; EGATi awaits Myanmar Govt to negotiate with ethnic group

Thailand plans to dust off Hatgyi Dam in Myanmar and divert “surplus” water to Bhumipol Dam to alleviate drought. EGATi is eager to invest more than 100 billion baht in Hatgyi project. As for Mong Ton Dam project, EGATi plans to invest over 300 billion baht but it still waits for Myanmar government’s approval after the redesign to lower impacts on surrounding communities.

Report Details Harm Salween River Dams Could Cause

Mi Ah Chai said: “The livelihood of the people in the delta area and the ecosystem of the river can be damaged by this project. So, we demand that the government halt all the dam projects; respect the objections of the ethnic people living along this river and the social organisations calling for the conservation of the Salween River; and prevent this project from affecting the peace process.”

The 87-page report details the background of the Salween River, the construction of the dams on the river, the ecosystem of the Salween River delta, the dams’ impact on the communities who depend on the delta eco system and public awareness of the dam projects.