International advocacy group asks GoI to withdraw eco-certificate to the Adanis' Mundra power plant

By Our Representative

In an important development, a top international advocacy group, Carbon Market Watch (CMW), has welcomed the decision of EDF Trading, a major buyer of carbon credits from carbon offsetting projects around the world, to distance itself from the “controversial” Adani Mundra coal power project. The EDF Trading is a leading player in international energy markets and operates across all commodity lines, especially coal, which is the main requirement for the Adanis’ Mundra power project.
CMW, which is an extension of Clean Development Mechanism (CDM) Watch, an initiative of several international NGOs to provide an independent perspective on individual CDM projects and to critically assess the political decision-making process affecting wider carbon market developments, referring to the Sunita Narain committee report on environmental violations by Adanis in Mundra, said, the report, commissioned by the Indian Ministry of Environment and Forests, had “found violations and non-compliance with environmental conditions by Adani Group's Mundra Port.”
The CMW has said, now, the Government of India should “withdraw the CDM approval for the project”, adding, already, EDF Trading has in a statement published French energy daily “Enerpresse” stated that it “is no longer associated contractually under the CDM, with this [Adani Mundra] supercritical coal power project in India.” At the same time, the EDF Trading has sought to clarify that so far it has so far not done any carbon trading for the Adanis’ Mundra project.
The CMW underlines, “With coal-fired power is continuing to lose broad support even within the UN’s Clean Development Mechanism.” It adds, “The Adanis’ project is a new super-critical coal fired power plant at Mundra, Gujarat, India with an installed capacity of 1320 MW. It claims that it was built more efficiently because of the CDM offset revenue. Despite heavy criticism, the project was registered in 2009 under the UN’s offsetting mechanism. Because coal is inherently climate damaging and also causes numerous other environmental and human health impacts, NGOs have long been calling for the exclusion of coal power projects from the CDM.”
The CMW quotes its spokesperson Eva Filzmoser as saying,“Following the announcement from the British government to stop endorsing investments in coal power, this decision clearly underscores the controversial nature of awarding carbon credits to coal power plants. We welcome this move and call on parties to set a definite end for climate finance for coal power at the upcoming climate change conference in Warsaw”.
Filzmoser adds, “The statement by EDF Trading comes as a surprise because the company is listed as the beneficiary of the carbon credits from Adani’s Mundra project in an authorization letter issued by the French environment ministry. The Mundra project is also the first out of six registered projects that has already received carbon credits. Given EDF Trading’s statement that it has not purchased any of the credits it is unclear which entity has purchased the 600.000 carbon credits issued for the period February 2011 to March 2012.”
The CMW especially notes that the development has come close on the heels of the Ministry of Environment and Forests (MoEF), Government of India, “fining the Adani Group's Mundra Port and Special Economic Zone (components of the project area of which also the thermal power plant is part of) for damaging mangroves, creeks and the local environment at the project site. The fine was issued as a consequence of a report by an inspection committee set up by the MoEF that found that the Adani Group is in violation with various national regulations.”
Even then, CMW regrets, “The project remains registered as a CDM project until the Indian national authority withdraws their approval letter. This letter, that must approve that the CDM project contributes to sustainable development, is a fundamental requirement of the CDM.” Voicing a similar view, Falguni Joshi of the Gujarat Forum of the CDM has said, “Adani’s Mundra project not only harms the climate, it also threatens the health of local communities and fails to deliver sustainable development, as mandated by the CDM. We call on our government to take the findings of their report seriously and withdraw the letter of approval.”
The Clean Development Mechanism (CDM) a market-based mechanism established under the Kyoto Protocol as a means of allowing the industrialized countries to meet their national targets by investing in lower cost carbon emission reduction projects in developing countries. While the CDM operates under the oversight of the Conference of the Parties (COP/MOP) of the United Nations Framework Convention on Climate Change (UNFCCC) and proclaimed as a "trailblazer", it has been criticized by some environmental and other non-governmental organizations as ineffective and counter-productive.

Comments

Economist-editor's allegations on Narmada defamatory, baseless: Medha Patkar

Counterview Desk In a reply directly addressed to well-known economist, journalist and columnist Swaminathan S Anklesaria Aiyar’s two articles in the Times of India (republished here and here ), calling them defamatory and wondering whether they were borne out of “ignorance or a conspiracy through political alliance”, Narmada Bachao Andolan leader Medha Pakar has said that the Narmada Sardar Saravar Project and the people's movement by adivasis, farmers, labourers, fish workers, potters and all the generations’ old communities from the river valley have suddenly come to be focused on, since the Gujarat elections are in the doorstep. She believes that while the “defamatory accusations with baseless conceptions such as ‘urban naxals’ are to be laughed at as the electoral strategic moves, one gets shocked to read the articles by a known old columnist like Swaminathan Ankalesaria Aiyar, published in a reputed daily like the Times of India." According to her, Aiyar’s two articl

Hindutva groups threat to peace, freedom: US diaspora groups tell FBI, other govt depts

By Our Representative The Islamophobic and neo-Nazi ideology of Hindutva is a clear and present danger to peace and freedoms in the United States, a coalition of civil rights organizations told key officials of the U.S. Attorney General’s Office, the US Department of Justice (DOJ), and the Federal Bureau of Investigation (FBI) at a recent event in Edison, New Jersey. At the event titled United Against Hate, activists from American Muslims for Democracy (AMD), Hindus for Human Rights (HfHR) and Indian American Muslim Council (IAMC) made detailed presentations on this ideology of Hindu supremacism that is committing mass persecution of India’s Muslims and Christians and is rearing its ugly head in New Jersey as well as across the US. Attending the event were David S Leonardis, Special Investigator from the New Jersey Department of Law & Public Safety; Michael E Campion, Chief of the Civil Rights Division for the US Attorney General's Office; and Jonathan R Norbut of the U.S. Dep

Business back to normal? IIM-A survey says, sales expectations have sharply improved

By Our Representative The Indian Institute of Management’s Business Inflation Expectations Survey (BIES), which polls a panel of business leaders to find out their perception of slack in economy, including their inflation expectations, year-ahead cost expectations and the factors influencing price changes, such as profit and sales levels, etc., has said that the cost perceptions data indicates signs of moderation in price pressures. Carried out for September, the survey says, the cost pressure of the reporting firms has shifted from “very significant increase (over 6%) to moderate increase (3.1% to 6%).” It adds, “The percentage of firms perceiving over 10% cost increase y-o-y has declined. Over 21% of the firms in September 2022 round of the survey perceive that costs have increased very significantly (over 10%) – down from 26% recorded in August 2022.” Claiming to be a unique survey, in that it goes straight to businesses -- the price setters -- rather than to consumers or household

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

As polls approach, electorate 'failing to realise': Gujarat model is in a shambles

By DN Rath* Gujarat assembly elections, scheduled to be held on 1 and 5 December 2022, is viewed by many as dress rehearsal for the 2024 Lok Sabha elections. When the suffering people have been pointing towards redressal of some local issues like absence of cleanliness, sewage problem, shortage of water supply, troubles created by stray cattle, insufficiency of streetlights, etc., it is evident that they are not fully aware that assembly elections are being fought on ideological standpoints and policy decisions. Nor is there the realisation that the state is in a shambles and the much-trumpeted ‘Gujarat model’ of development has proved to be a hoax. Like other states, the people of Gujarat are also back-broken by steep rise in prices to the tune of 400% in last 20 years. It is not that the government cannot control the spurt in prices if it so wants. Apart from the fact that price rise is an inevitability in a capitalist economy, artificial shortage triggered by massive hoarding, b

Amit Shah accused of inciting communal passion: Demand to postpone Gujarat polls

Counterview Desk In an email representation to the Election Commission of India (ECI), Dr EAS Sarma, former secretary to the Government of India, has objected to the statement reported to have been made by Union home minister Amit Shah, who allegedly justified the 2002 Gujarat riots stating that certain sections of people “taught a lesson” to the rioters. Noting that the statement, if correct, “in effect implies those other than the law enforcement authorities had taken law into their hands”, Sarma says, “Shah's statement needs to be viewed by the ECI in conjunction with the reported fact that it was the Union Home Ministry that cleared the release of the eleven rape convicts in the Bilkis Bano case, directly related to the infamous Godhra incidents in 2002, which triggered the shameful sequence of events that shook the nation's conscience.” According to Sarma, if the statement is true, “I am constrained to draw the inevitable inference that it would have already impacted th

BJP poll gimmick? Bilkis Bano rape case 'pardon' vs Rajiv assassins' release

By Sandeep Pandey* Supreme Court has released six convicts in the Rajiv Gandhi assassination case. This was bound to happen as earlier AG Perarivalan was released in the same case, setting a precedent. Even though four of them are Sri Lankans but a popular Tamil sentiment favoured the release of these convicts which is why Tamil political parties supported this and resolutions were passed by different governments in Tamil Nadu to his effect. Rajiv Gandhi paid the price of sending Indian Peace Keeping Force to Sri Lanka where it got entangled with Liberation Tigers of Tamil Eelam and eventually the whole operation ended up is a fiasco. However, most importantly Sonia and Priyanka Gandhi and probably Rahul too do not have any objections to the release of these convicts. In fact, Sonia Gandhi played an important role in getting the death sentence of the only lady among the convicts Nalini commuted to life term through the Tamil Nadu Governor. Priyanka visited Nalini in Vellore Jail and

Facing tough times, Rajasthan's Raika herders hold first-ever camel cheese festival

By Rosamma Thomas* During the pandemic, the annual Pushkar camel fair in Rajasthan did not occur for fear of contagion; in 2022, it was called off again as lumpy skin disease affected cattle. At Sadri in Pali district, however, festivity continues – a two-day Camel Cheese Festival was held on November 23 and 24, 2022. Visitors spent time with the camel herds and their Raika, drank camel-milk tea with the herders and then returned to lunch at the Kumbhalgarh Camel Dairy, from where the Kumbhalgarh Fort is visible, to taste camel cheese. The Raika herders have been facing a tough time – camels are no longer used as much for transport or agriculture in Rajasthan. The animals have limited utility, but their milk is prized. Camel Charisma, the dairy at Kumbhalgarh, sends camel milk across the country to people who use it in therapy – for autistic children, improved blood sugar levels, or even to treat cancer. It is believed that the health benefits of the camel milk is because the animals

What's behind public sector banks showing huge profits in 2nd quarter of 2022-23?

By Thomas Franco* The quarter two results of the public sector banks (PSBs) appear to be noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit of Rs 25,685 crore in quarter 2 of FY23 and a total of Rs 40,991 crore in the first half of 2023. The combined profit of 12 banks in March 2022 was Rs 66,539 crore which was 110% more than 2021 – Rs. 31,816 crore. The Asset Quality Review of 2015 saw a surge in NPAs of PSBs jumping to Rs 8.96 lakh crore in March 2018 from Rs 2.17 lakh crore in March 2014. This was simply because the norms for NPAs were changed from 180 days to 90 days, and all restructuring of even genuine accounts was done away with. In 2018 NPA of SBI was 5.73% which has come down to 0.8% in Q2 of FY23. The NPA of Canara Bank has come down to 2.19% from 7.48% in Mar 2018. The same trend is seen in all public banks. Now SBI has seen a jump of 74% in its net profit, while Canara Bank’s profit is

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Search This Blog