Phase 2 Options
We are pursuing various next steps options, which will build on our experience and findings from the first phase of Riverscope.
Phase 1 of Riverscope has demonstrated the need to take a broader look at the country or regional energy state of a particular investment.
By reviewing an investment with respect to the existing energy mix and energy plan of a country or region, this would enable our set of recommendations and alternatives to be grounded in a more holistic understanding of the energy needs and context of that country or region.
This holistic approach would also dive into the levels of impact that each alternative could have relative to their potential location for development, which directly builds on the existing Riverscope assessments.
Alternative energy tool
We need to suggest alternatives that can both provide the megawatts (MWs) required and the public socio-economic stimulus associated with hydropower to address the urgent issues of energy security and poverty.
We aim to develop an Alternative Energy tool for public players (e.g. policy makers) and energy investors, providing specific recommendations on alternative opportunities. It would offer a MW for MW replacement for hydropower at lower cost and with higher attendant benefits.
We would include important externalities (e.g. ecosystem services) to the tool’s valuations and recommendations, to ensure more responsible public investment into renewable energy.
Advocacy around hydropower could be improved through more practical and material arguments.
Phase 1 of Riverscope has also demonstrated a gap in understanding the kinds of hydropower impacts and risks common to the sector, which can have major implications for commercial operations and broader development objectives.
We aim to develop a series of trainings that are specifically tailored to NGOs, governments and investors on the risks and impacts associated with hydropower. The trainings will include how to use the Riverscope process, and provide appropriate knowledge and tools to better understand and manage hydropower risks.