Tapping into the earth’s heat to produce geothermal energy offers the world enormous benefits. Proven resources exist in nearly 90 countries, but 90% of it still remains underground. For this reason, IRENA hosted a high-level workshop during COP21 to discuss the promise of this promising source of renewable energy, and ways of overcoming the barriers which hold it back.
On December 7, Energy Day at COP21, the Global Geothermal Alliance (GGA) will formally launch. The GGA will address investment challenges and help create the conditions for a rapid expansion of this key renewable resource. Its aim will be to break through existing barriers and achieve a 500% increase in global installed capacity for geothermal power generation, and a 200% increase in geothermal heating by 2030.
In development for two years, the GGA has attracted more than 40 countries and institutional partners. Its ambition will be nothing short of ensuring hundreds of millions of people are able to benefit from this clean and reliable source of renewable energy.
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