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Report: Role of public finance for geothermal projects

Screenshot from the Climate Policy Website
Francisco Rojas 23 Oct 2014

This report is part of a project carried out by Climate Policy Initiative (CPI) for the Climate Investment Funds (CIFs) which will focus on the effective use of public finance to scale up geothermal deployment in developing c

The Climate Policy Initiative has recently posted a report titled, San Giorgio Group Report: The Role of Public Finance in Deploying Geothermal.

According to the executive summary, “Geothermal energy is broadly cost competitive with fossil fuel alternatives even without a carbon price. The levelized cost of geothermal electricity is around 9-13 USDc/kWh, making it one of the cheapest renewable energy options available. Its ability to provide low-cost, low-carbon power reliably and flexibly means is well-placed among to meet developing countries growing energy needs while displacing polluting fossil fuel power plants.
However, its rate of deployment has been slower than other renewables over the last thirty years and will need to speed up rapidly if this technology is to deliver on its promise. In addition, geothermal technologies that can harness lower temperature geothermal resources need to achieve more deployment to bring costs down.”

This report is part of a project carried out by Climate Policy Initiative (CPI) for the Climate Investment Funds (CIFs) which will focus on the effective use of public finance to scale up geothermal deployment in developing countries.

To read the report on PDF

Source: Climate Policy Initiative