HSBC Global Research: Clearly Pro Large Dam

HSBC Global Research is clearly part of the Pro big hydro lobby as is clear from this completely ill informed and misleading report, mindlessly promoting Big Hydro:

http://www.newstrackindia.com/newsdetails/2012/06/21/363–Hydro-power-key-to-India-s-energy-security-Study-.html

The lobbying attempt is evident from the factually wrong claims in the report: “Hydro-projects are more eco-friendly, cost-efficient and a renewable source. They do not emit green house gases”, the reporting agency and its author seems to have no idea that not only hydro projects generate green house gases like methane and carbon dioxide, they are not eco friendly, cost efficient or green.

Shockingly, the report goes on to advocate carbon emission reduction credits for the project, which is totally unjustifiable, as these projects DO NOT deserve CDM credits as they are neither additional nor sustainable, which are basic requirements for any projects to qualify for CDM credits.

The report is also WRONG on basic facts: it says installed hydro capacity in India is 34 GW, when it is in excess of 40 GW already.

Instead of looking at the falling efficiency of the existing hydropower projects, the study claims that hydro production is falling due to long gestation period required for projects due to terrain complexity and geopolitical issues of the areas in which the projects are located!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: