Geothermal’s White Knight: Global Drilling Fund (EarthTechling)
You might think of it as the, “How to Get Geothermal Over the Risk-Hump Plan.”
The idea is to establish a global exploration drilling fund, ideally with some public sector support. What good would it do? According to a new white paper by Bloomberg New Energy Finance and the consultants Rinova International, it could be just what geothermal needs to fulfill its potential as a large and steady energy producer, especially in developing countries that otherwise would stoke economic growth with fossil fuels.
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