Global Alliance Launched to Boost Geothermal in Energy Mix

The International Renewable Energy Agency (IRENA) said it has facilitated the development of the Global Geothermal Alliance to increase the share of geothermal energy in the global energy mix.

Launched on Dec. 8 during an event at the 21st Conference of Parties in Paris, the alliance is made up of a coalition of 38 countries and about 20 development and industry partners. The alliance seeks to achieve a 500 percent increase in global installed capacity for geothermal power generation and a 200 percent increase in geothermal heating by 2030.

“Geothermal has proven its potential to be part of both the global climate and energy action agenda,” IRENA Director-General Adnan Amin said in a statement. “While geothermal can provide baseload power at some of the lowest costs for any power source, it remains under-developed. The Global Geothermal Alliance will provide a platform for partners to share best practices, further reduce costs and get the most benefit out of this sustainable energy resource.”

According to IRENA, only 13 GW of installed geothermal capacity exist worldwide.

The alliance will work to overcome high upfront costs of surface geophysical studies and exploratory drilling by mitigating risks, promoting technological cooperation, coordinating regional and national initiatives, and facilitating geothermal energy investments into energy markets.

Member countries listed in the Joint Communication on the Global Geothermal Alliance are: Burundi, Comoros, El Salvador, France, Guatemala, Iceland, Indonesia, Italy, Kenya, Malaysia, Mexico, Netherlands, New Zealand, Nicaragua, Pakistan, Papua New Guinea, Philippines, Poland, Saint Vincent & Grenadines, Solomon Islands, Switzerland, Tanzania, Tonga, Turkey, Uganda, United States, Vanuatu, Zimbabwe.

Lead image credit: IRENA.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013