Carbon Market Watch

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Commentaries on the validation of the Hydroelectric Project Barro Blanco, Panama

18 Feb 2015

Comment PDF (English)

The Alliance for Conservation and Development (ACD) ratifies its position expressed in the commentaries that we sent last year in relation to the validation of the Barro Blanco  project on the part of AENOR, and as much laments that the promoter of the project as the Government of Panama would seem to be abusing the validation system of the CDM when retiring and to return to present a project that already had been put previously under a validation process. This practice seems irregular and would seem to us to indicate an excessive interest of the promoter to capitalize over what should be instead an international mechanism for the reduction of greenhouse gas emmissions. Also, we lamented the interest of the European Investment Bank (EIB) to finance a project that seemed not to satisfy the additionality requirement and that in addition, has been implied in the violation of human rights of the Ngöbe population and peasants of the Republic of Panama.

Read comment here