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Small hydro project leads the way in South Africa on sustainable development
The Stortemelk hydropower project in South Africa has been recognised as an impressive example of sustainable small hydro development using an industry-leading assessment tool.
The 4.3 MW run-of-river plant developed by Stortemelk Hydro, a subsidiary of Renewable Energy Holdings (REH), achieved global good practice across 10 environmental, social and governance (ESG) performance criteria in the independent assessment.
Swiss Economic Recovery Delayed by Second Virus Wave
This content was published on December 15, 2020 - 06:45
December 15, 2020 - 06:45
(Bloomberg) The Swiss economy will shrink this quarter and recover less quickly than previously expected in 2021 as renewed restrictions to stem the spread of Covid-19 in Europe and elsewhere weigh on global momentum.
Switzerland’s State Secretariat for Economic Affairs sees gross domestic product expanding 3.2% next year, slower than the 4.2% previously forecast.
It said the situation is extremely uncertain and further waves of the pandemic and containment measures would “increase the probability of second-round economic effects such as large-scale job cuts and corporate insolvencies.” The risks linked to higher government and company debt would also rise.