With public opposition to major infrastructure projects a growing concern, and willing partners in neighboring countries eager to pick of the slack, Thailand’s industrialists are fanning out in all directions. Energy projects dominate the mix, including coal, gas and hydropower. As a result, it’s the Electricity Generating Authority of Thailand driving much of the activity.
As the third and final consultation phase on the second draft of the World Bank’s proposed new environmental and social framework (ESF), replacing the current safeguards, progresses, civil society organisations (CSOs), the UN and certain member states continue to demand that the Bank incorporates human rights in all its activities (see Observer Autumn 2015, Winter […]
While initiatives by the Asian Development Bank, ASEAN, United States, Japan, France and the private sector aim to advance renewable energy within the Greater Mekong Subregion (GMS), coal-fired power plants are slated to become an increasingly larger share of the region’s electricity generating portfolio.
FOLLOWING THE launch of its ambitious Silk Road Economic Belt and 21st Century Maritime Silk Road (Belt and Road) initiative in a big way, China followed it up with last month’s official inauguration of the Asian Infrastructure Investment Bank (AIIB), which is now operational.
China is more closely involved in cross-border cooperation on hydropower and water management after the six countries that share the Mekong River signed a landmark agreement late last year.
While more needs to be done between these countries to resolve disputes and encourage transparency over dam building and shared water management, the agreement signals a greater willingness to discuss areas of discord that have soured relations in the region in the past.
During their meeting in in China’s southern province of Yunnan in November 2015, the foreign ministers of China, Myanmar, Laos, Thailand, Cambodia, and Vietnam launched the Lancang-Mekong Cooperation Mechanism (LMCM), an initiative pitched at the November 2014 Summit Meeting between China and the Association of Southeast Asian Nations (ASEAN) in Naypyidaw, Myanmar.
The Mekong countries of Cambodia, Laos, Myanmar, Thailand, and Vietnam are emerging to be not only the new growth center but also a new strategic frontier in Asia.
With a population of around 240 million and a combined GDP of $664 billion, the Mekong region has geopolitical significance and economic weight. It is located at the junction of the enormous emerging markets of Asia and their combined population of about 3.3 billion.
Myanmar’s landmark election and the likelihood of a peaceful and smooth power transition have drawn more international attention and interest to the Mekong region as a whole. Myanmar is expected to be a key regional actor and now possibly a catalyst of regional peace, democracy, and development.
In a global manifesto released on the 3 December, a coalition of more than 300 civil society organizations from 53 countries called on governments and financiers at the Paris climate talks to keep large hydropower projects out of climate initiatives such as the Clean Development Mechanism, the World Bank’s Climate Investment Funds, and green bonds.
China aims to complete laying a 418-kilometre (260-mile) railway from a border town to Laos by 2020, the official China Economic Herald reported, as the economic giant seeks a new route into the emerging markets of Southeast Asia.
The two countries agreed on Friday to jointly build a 40-billion yuan ($6.28 billion) railway from the border town of Boten to the Laos capital Vientiane, the Herald reported.
The deal was announced at a signing ceremony attended by senior officials from the National Development & Reform Commission the country’s top economic planner, China Railway Corporation and the Export-Import Bank of China, the paper said.
Laos, poor and landlocked, has traditionally been firmly in the orbit of its larger neighbour to the east, Vietnam.
But China has been aggressively courting Laos as it sees the communist-ruled country as an important route into Southeast Asia, and its ports on the Mekong River for landlocked parts of southwestern China such as Yunnan.
Asean integration will start at end of this year, opening the region to a free flow of goods and services across borders. But many analysts say Cambodia will have a difficult time integrating and benefiting from the cooperation. There are other downsides, as well. VOA Khmer recently spoke with Toek Vannara, director of the NGO Forum, to discuss the likely environmental problems Cambodia and other countries could face if they do not act to protect their natural resources.]
Asean countries need to integrate appropriate safeguards to ensure inclusiveness and sustainability in any benefits to be brought about by the Asean Economic Community (AEC), experts said recently.
At a Bangkok symposium on “Shared solutions: Safeguarding sustainable development in the Mekong region”, Venkatachalam Anbumozhi, senior energy economist at the Economic Research Institute for Asean and East Asia, said AEC will propel infrastructure investment in the Mekong region.
Asian Development Bank (ADB) President Takehiko Nakao today announced that ADB aims to double its annual climate financing to $6 billion by 2020, up from the current $3 billion.
Yesterday, the Prime Minister of Cambodia has informed Mr. Tan Sri Lim Kok Thay, the CEO of Malaysian company “Genting Group”, that economic land concessions under control of private companies will be returned back to the state if those companies do not implement or follow the Master Plan of development.