Global: Alliance Working Together to Promote Geothermal Energy Towards a Sustainable Energy Future

Governments adopt ‘Florence Declaration’, agree to advance geothermal energy (News Release)

Governments have agreed to work together to identify and implement measures that will significantly increase the speed of geothermal energy development around the world, following a milestone meeting between public and private leaders Florence this week. Under the terms of the ‘Florence Declaration’ – an outcome of the Global Geothermal Alliance (GGA) meeting – governments will actively pursue a collective ambition to realise geothermal potential.

The meeting, entitled: ‘Working Together to Promote Geothermal Energy Towards a Sustainable Energy Future’ – the largest such meeting of ministerial representatives to discuss geothermal energy – was marked by the release of a new report from the International Renewable Energy Agency (IRENA), coordinator of the GGA, in which access to capital for surface exploration and drilling was cited as the main barrier to geothermal development. The report also noted that more ‘transparent government regulations that avoid project delays’ were needed to provide sufficient certainty to developers and investors.

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