[CMW Global Network] IFC's controversial funding on CDM

The document is a letter from Bikash Rath of the Regional Centre for Development Cooperation to World Bank President Dr. Jim Yong Kim. It demands the withdrawal of International Finance Corporation (IFC) funding from the Tata Mundra - Coastal Gujarat Power Ltd. (CGPL) 4000 MW coal power project in Gujarat, India. The author alleges that the project has caused massive social and environmental damage, including the depletion of groundwater, destruction of mangroves, and severe health impacts on local communities, while failing to conduct proper impact assessments or consult affected fishing and pastoralist groups.

• The Tata Mundra - Coastal Gujarat Power Ltd. (CGPL) project is accused of using flawed social and environmental impact assessments that failed to recognize fishing communities, salt-pan workers, and pastoralists as affected parties, and failed to consult these communities or provide documents in local languages.
• Environmental degradation attributed to the project includes the rapid depletion of groundwater aquifers, the destruction of mangroves and creeks, and the blocking of access to fishing and grazing grounds, threatening the livelihoods of approximately 10,000 fishworkers and 4,000 pastoralists.
• The project is linked to severe health and pollution issues, including a 20% increase in children's respiratory diseases over two years and an estimated 100-120 annual deaths in the region due to thermal power projects. The CGPL plant emits nearly 40 million tons of CO2 annually and contaminates fish and horticulture with toxic fly ash and coal dust.
• The author criticizes the IFC for failing to conduct a cumulative impact assessment for the Kutch coast, where multiple projects are located, and for a 'dubious policy' of financing Eucalyptus-based A/R CDM projects that displace indigenous, climate-hardy crops like millets.

APA

Rath, B. (2013). [CMW Global Network] IFC's controversial funding on CDM. Carbon Market Watch. https://carbonmarketwatch.org/wp-content/uploads/2013/07/Dr.-Jim-Kim-letter-Bikash-Rath-RCDC.pdf

Chicago

Rath, Bikash. [CMW Global Network] IFC's controversial funding on CDM. Carbon Market Watch, 2013. https://carbonmarketwatch.org/wp-content/uploads/2013/07/Dr.-Jim-Kim-letter-Bikash-Rath-RCDC.pdf.

Wikipedia

{{cite press release |last1=Rath |first1=Bikash |title=[CMW Global Network] IFC's controversial funding on CDM |publisher=Carbon Market Watch |date=16 September 2013 |url=https://carbonmarketwatch.org/wp-content/uploads/2013/07/Dr.-Jim-Kim-letter-Bikash-Rath-RCDC.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{rath2013cmw, author = {Rath, Bikash}, title = {{[CMW Global Network] IFC's controversial funding on CDM}}, publisher = {Carbon Market Watch}, year = {2013}, month = sep, url = {https://carbonmarketwatch.org/wp-content/uploads/2013/07/Dr.-Jim-Kim-letter-Bikash-Rath-RCDC.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }