Dams are a risky business – for affected people, the environment and investors. Huge cost overruns, technical problems, community opposition and rampant corruption can derail multi-billion dollar projects. Due to the big risks, finance is the weakest link in dam building.
For many years, the World Bank Group was the most important financier of large dams. In recent years, Chinese financial institutions have taken over this role, triggering a new boom in global dam building. Some public sector national banks have followed suit, as have private banks, private equity firms and export credit agencies. Finally, dam builders are increasingly turning to climate finance as a way to bankroll the high costs of dams.
Our Work to hold Financiers Accountable
International Rivers holds public and private funders accountable. We work to dry up funding for dam projects that violate social and environmental standards, make sure funders and governments keep their promises, and redirect resources into better alternatives, including a just energy transition.
- Asian Development Bank: It’s Time to Stop Financing Large-scale Hydropower and other False Climate SolutionsYesterday, International Rivers’ Southeast Asia Program Director Gary Lee joined partners at the NGO Forum on ADB press conference. The science and historical evidence is clear–if we want to tackle…
- Dear China, it’s time to talk: Despite saying it takes multilateral cooperation seriously, China has not yet responded to civil society concerns in Latin AmericaBy: Cooperacción, Fundación Ambiente y Recursos Naturales (FARN), International Rivers, China-Latin America Sustainable Investments Initiative At the end of April, 263 civil society groups from around the world sent a letter to…
- PRESS RELEASE | Eight Organizations alert the OECD on serious weaknesses in Brazil’s Responsible Business Conduct policies (Policy Brief)In a brief published today, FIDH and seven brasilian and international NGOs alert on the serious governance gaps that need to be urgently addressed.
- PRESS RELEASE | 265 Civil Society Groups Call on Chinese Authorities to Ensure that Covid-19 Financial Relief Does Not Bail Out Harmful ProjectsApril 30, 2020 – Today, International Rivers joined 265 civil society groups around the world in calling upon the Chinese government to ensure that COVID-19 related financial relief for struggling Belt and…