Geothermal: Risks Shouldn’t Overshadow Benefits (Climate Policy Initiative)
Geothermal is competitive. Its low cost per unit of energy generated, when compared with other renewable energies and fossil-fueled generation make it an attractive option for policy-makers in developing countries to meet growing energy demand.
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Cost comparisons between energy technologies show that geothermal requires
high up front investment but can provide low cost power |
It is also compatible with energy grid needs. Its high capacity factor and its ability to continuously feed into the energy system makes it particularly suitable for reliable baseload production while its potential flexibility makes it suitable to respond to fluctuating supply from technologies such as wind and solar PV depending on a power grid’s needs.
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