The AIIB’S Waste-to-Energy Gamble in Dhaka

The North Dhaka Waste-to-Energy Project is a textbook “lock-in” to a carbon-heavy, financially toxic asset. It creates a perverse incentive to generate more trash while saddling Bangladesh with exorbitant capacity charges and emitting double the carbon of coal plants. By bankrolling a project that violates local laws and the AIIB’s and NDB’s own Environmental and Social Frameworks (ESFs), the AIIB and NDB face severe reputational risk. Financing must be cancelled immediately. Dhaka’s grid resilience requires pivoting from costly thermal incineration to a zero-waste circular economy, waste picker integration, and utility-scale solar

Go Direct: AIIB Observer Volume 4