Tuesday, January 21, 2020

Climate aid could secure first step in massive dam in the Amazon

The Amaila Falls hydropower project, which Guyana plans to build with Norwegian climate aid financing, is the first stage in a much larger scheme. The extended project would flood Amerindian lands and destroy large areas of rainforest, according to a report prepared for Survival International.

Guyana is hoping to obtain a loan from the Inter-American Development Bank to finance Amaila Falls. Head of Environmental Safeguards at IDB Janine Ferretti tells Development Today that an assessment of cumulative impacts is part of IDB’s due diligence process.

Development Today is a subscription-based online journal. To subscribe click here.

If you are already a subscriber to Development Today please log in.

Would you like to know more about Development Today? Click here.