Tata Mundra: A Project Awaiting Settlement
Tata Mundra Project (Coastal Gujarat Power Limited ā CGPL – a subsidiary of Tata Power), is a 4,000 megawatt power plant developed on over 1250 hectares of land near the village Tunda-Wand, in Kutch...
Victory for public health and the environment! The International Finance Corporation (IFC) withdraws from the proposed investment of USD 40 million for four waste incineration plants in Gujarat, India.
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Victory for public health and the environment!
The International Finance Corporation (IFC), of the World Bank, decides against investing in the proposed funding of USD 40 million for waste incineration plants in India. PRESS RELEASE February 19, 2025 ā In a...
Response to the Cost and Benefit Analysis of the Asian Development Bank Accountability Mechanism by the Asian Development BankĀ
At the very outset, we would like to appreciate ADB in doing this analysis and sharing the information publicly. The costs We are astonished by the fact that $5 mn (2023 prices) was spent...
174 Civil Society Organizations, Networks, and Activists Oppose Financing by IFC for Abellon Clean Energy’s Toxic, Pollution Waste-to-Energy Projects in Gujarat, India
PRESS RELEASE | 23.08.24 August 23, 2024 ā A collective letter written by the Centre for Financial Accountability,Ā International Accountability Project, National Hawkers Federation, GAIA-Asia Pacific, and Break Free From Plastics and endorsed by...
Gujarat: 174 Civil Society Outfits Urge World Bank to Reject Loan for Harmful Waste-to-Energy Projects
A coalition of 174 civil society organisations, networks, and activists has written to the World Bankās board of directors, urging them to reject funding for four waste-to-energy (WTE) incineration projects proposed by Abellon Clean...
A letter to the EDs of the IFC regarding the potential harms of investing in the WTE projects in Gujarat
Abellon Clean Energy Limited (ACEL) is a Waste to Energy (WTE) developer based out of Gujarat in India, who is developing 4 WTE plants in Rajkot, Vadodara, Ahmedabad and Jamnagar of cumulative capacity 52.20...
Story Of Kamalanga Project is the Story of Weak Accountability MechanismsĀ
Thirteen years after communities from Odishaās Dhenkanal district filed a complaint at the International Finance Corporationās (IFC) accountability mechanism
Bye bye reform and human rights, welcome private sector. Unfortunately we will be back!
In another week, on June 2, Ajay Banga will take over as the 14th president of the World Bank Group, the all-menās club, except for Kristalina Georgieva, who had become World Bankās acting president...
Submission made by Indian groups and concerned citizens on the proposed IFC/MIGA Approach to Remedial Action
Express disappointment over the proposed approach paper which is not only narrow in its approach but it does not deliver remotely on remedy or even reflect IFCās and MIGAās intent for accountability.
Paris aligned?
The World Bankās private sector arm, the International Finance Corporation (IFC), plays a significant role in influencing private financial flows. As the ālargest global development institution focused on the private sectorā, the IFC aims...
World Bankās private sector arm to stop supporting new coal
The International Finance Corporation (IFC), the private sector arm of the World Bank, is to stop supporting new coal projects, a move described by campaigners as welcome but long overdue.
IFC to stop funding new coal-powered electricity projects
The IFC has reportedly lent close to $5 billion to almost 88 financial institutions in India
IFC will no longer allow financial intermediary clients to support new coal projects
An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction.
IFC announces it will stop clients funding new coal projects
Previous policy allowed the IFCās financial clients to support new coal projects as long as they exited coal by 2030, but the new update explicitly rules out new coal.Ā
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