UK-based environmental consultancy TMP Systems, in collaboration with International Rivers, has launched a new geospatial assessment tool for hydropower. Riverscope is described as being the first comprehensive tool to assess often-overlooked environmental and social risks, and connect them quantitatively to the commercial performance of hydropower projects. "The way projects are currently assessed systematically underestimates environmental, social, and governance (ESG) risks. Riverscope is designed to quantify these financial risks to improve energy planning and investment," according to TMP Systems. Riverscope combines geospatial analysis, financial modelling, and qualitative studies to identify, mitigate, and avoid the most serious commercial risks, and translate social and environmental risks into financial terms.
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