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Geothermal energy has huge potential


Geothermal will be the hot topic at an international renewable energy conference in Florence next week.

The Global Geothermal Alliance (GGA) will welcome 200 stakeholders from governments and businesses around the world to discuss how to unlock the potential of this low cost source of clean energy. The gathering will be hosted by branches of the Italian Government and the International Renewable Energy Agency (IRENA).

“Globally, geothermal energy remains largely untapped despite its huge potential for low-carbon power generation and direct use in heating and cooling. Right now we may only be harvesting six per cent of proven geothermal energy potential, meaning the sector represents a significant opportunity to decarbonise the energy system and drive economic growth in the 90 countries with proven resources,” said Adnan Amin, IRENA Director-General. “This Global Geothermal Alliance ministerial is a milestone that, in the strongest possible terms, demonstrates renewed will to unlock the potential of geothermal and reinforce the importance of its deployment to the global energy transition.”

The GGA was set up in 2015 at COP21 in Paris and has members from 42 countries. They are working together to achieve a 500% increase in geothermal capacity by 2030. And the meeting on 11 September in Florence will focus on developing strategies to boost investment in this burgeoning sector.

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