Some 40 countries worldwide could meet a good portion of their energy demand through geothermal power. But the pace of geothermal resource development has been slow due to early-stage investment risks.
Concessional climate financing has helped to mitigate these risks, resulting in increased investment for the later stages of geothermal development.
International financial institutions including the World Bank are building a strong portfolio of projects that are helping developing countries tap into their geothermal potential.