Friday, March 28, 2014

Chile:

Geothermal Energy: Unleashing the Earth’s Power to Fuel Chile’s Future (Natural Resources Defense Council)

Report by Natural Resources Defense Council highlights the huge potential for geothermal energy in Chile



Chile is privileged with abundant geothermal energy resources that can help meet the nation’s growing energy demand. Yet to date, this source of stable and clean energy remains largely undeveloped. A series of barriers have so far limited the expansion of the sector.

To overcome existing hurdles to geothermal energy production and unleash the sector’s full potential, concerted action is needed, particularly from the public and private sectors.

Chile’s decision makers should consider a series of policy mechanisms that could help attract—and grow—early investment. It will also be necessary for the government to reduce lingering legal and regulatory ambiguity and demonstrate strong political will to overcome institutional constraints and move geothermal energy forward, along with other nonconventional renewable energy technologies that are already more established in the country.

Geothermal Energy: Unleashing the Earth’s Power to Fuel Chile’s Future (PDF)