a day ago
Lenders Seen Scrutinizing China Mega-Dam's Green Finance Risks
China's 1.2 trillion yuan ($167 billion) mega-dam in Tibet will face strict scrutiny to access green financing because of the potential environmental and social impacts of large hydropower, according to Sustainable Fitch.
Banks and investors typically look closely at large-scale hydropower to ensure developers have understood potential risks to water availability, wildlife and the local ecology, Nneka Chike-Obi, the data provider's head of Asia-Pacific ESG ratings and research, said Monday in an interview with Bloomberg Television.
