Investing in nature is not a waste of money or a drain on profit margins. On the contrary, such investments are just as important as the concrete and steel needed to build dams and reservoirs.
Myanmar has seen massive city development plans and a construction boom. But often these decisions are made without considering long-term environmental impacts.
If developed as planned, the 50 large hydropower projects would permanently segment watersheds, flatten the peaks and valleys of the flood pulse and trap nutrient-rich sediment behind dams.
A peaceful sit-in protest against a coal-fired power project has drawn attention to the “flaws in state development planning”.
The nitiative needs basic infrastructure, but cannot solely rely on mega projects worth billions of dollars. The infrastructure projects have to match the industrialization level of the host country, or they cannot be sustained.
Resident Trump’s decision to withdraw the USA from the landmark Paris climate accord must not become a distraction from urgent global efforts to combat climate change.
Moody’s Investors Service gave the Asian Infrastructure Investment Bank its highest possible rating of Aaa, with a stable outlook, on June 29, because of “the strength of AIIB’s governance frameworks, including its policies on risk management, capital adequacy and liquidity”.
Southeast Asia’s infrastructure boom threatens to destroy the few remaining wilderness sanctuaries in the region.
Vietnam should calculate in advance damage caused by climate change as its effects have become more obvious and devastating in recent years, with changes in temperature and rainfall, sea level rises and extreme weather.