Policy: How to Build 23 GW Geothermal Energy over the Next 15 Years

Are we investing enough in geothermal energy? (World Economic Forum)

Kenya and Turkey have exceeded forecasts for harnessing geothermal energy, but other developing countries, including Indonesia and the Philippines, are lagging behind on leveraging the renewable power source, a new analysis shows.

If developing nations are to carry out planned expansion of geothermal energy capacity, $133 billion needs to be invested in the sector by 2030, the Climate Policy Initiative (CPI) research group reported on Wednesday.

Meeting the target to build 23 GW of geothermal capacity over the next 15 years (one GW is enough energy to power 750,000 homes) would require a 7- to 10-fold increase in funding from governments and development financing bodies, the CPI said.

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