Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power

Geothermal heat is increasingly being used around the world to produce electricity in an environmentally friendly way. Current technology could potentially produce more than 70 GW of power, but only about 15 percent of that capacity is currently de...

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Main Authors:	La Rocca, Roberto, Johansen, Peter, Berman, Laura, Jayawardena, Migara
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	geothermal power energy finance exploratory drilling risk insurance
Online Access:	http://documents.worldbank.org/curated/en/227681488436151787/Mobilizing-risk-capital-to-unlock-the-global-potential-of-geothermal-power http://hdl.handle.net/10986/26190

id	okr-10986-26190
recordtype	oai_dc
spelling	okr-10986-261902021-06-18T09:02:29Z Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power La Rocca, Roberto Johansen, Peter Berman, Laura Jayawardena, Migara geothermal power energy finance exploratory drilling risk insurance Geothermal heat is increasingly being used around the world to produce electricity in an environmentally friendly way. Current technology could potentially produce more than 70 GW of power, but only about 15 percent of that capacity is currently developed and operating. Most of the high-temperature geothermal resources that are suitable for power generation are located in areas along the global Ring of Fire, a string of volcanoes and seismic areas that stretches 25,000 miles across the globe. It extends from the Indonesian archipelago through New Zealand, the Philippines, and Japan; along the western coast of the Americas and the Caribbean; and through the Rift Valley in Africa, stretching toward Europe. Geothermal power can be very reliable. Because it is non-intermittent and has relatively low operational costs, it is an ideal option for generating base load power. Geothermal power can also serve as a hedge against the volatility of commodity prices, stabilizing systems costs and improving generation mixes. Geothermal produces a small fraction of the carbon dioxide produced by burning fossil fuels. When developed in line with industry standards, it can also provide significant local environmental benefits by offsetting generation options such as coal or diesel, which produce more pollution. 2017-03-02T21:21:09Z 2017-03-02T21:21:09Z 2017 Brief http://documents.worldbank.org/curated/en/227681488436151787/Mobilizing-risk-capital-to-unlock-the-global-potential-of-geothermal-power http://hdl.handle.net/10986/26190 English en_US Live Wire;2017/71 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	geothermal power energy finance exploratory drilling risk insurance
spellingShingle	geothermal power energy finance exploratory drilling risk insurance La Rocca, Roberto Johansen, Peter Berman, Laura Jayawardena, Migara Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power
relation	Live Wire;2017/71
description	Geothermal heat is increasingly being used around the world to produce electricity in an environmentally friendly way. Current technology could potentially produce more than 70 GW of power, but only about 15 percent of that capacity is currently developed and operating. Most of the high-temperature geothermal resources that are suitable for power generation are located in areas along the global Ring of Fire, a string of volcanoes and seismic areas that stretches 25,000 miles across the globe. It extends from the Indonesian archipelago through New Zealand, the Philippines, and Japan; along the western coast of the Americas and the Caribbean; and through the Rift Valley in Africa, stretching toward Europe. Geothermal power can be very reliable. Because it is non-intermittent and has relatively low operational costs, it is an ideal option for generating base load power. Geothermal power can also serve as a hedge against the volatility of commodity prices, stabilizing systems costs and improving generation mixes. Geothermal produces a small fraction of the carbon dioxide produced by burning fossil fuels. When developed in line with industry standards, it can also provide significant local environmental benefits by offsetting generation options such as coal or diesel, which produce more pollution.
format	Brief
author	La Rocca, Roberto Johansen, Peter Berman, Laura Jayawardena, Migara
author_facet	La Rocca, Roberto Johansen, Peter Berman, Laura Jayawardena, Migara
author_sort	La Rocca, Roberto
title	Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power
title_short	Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power
title_full	Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power
title_fullStr	Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power
title_full_unstemmed	Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power
title_sort	mobilizing risk capital to unlock the global potential of geothermal power
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/227681488436151787/Mobilizing-risk-capital-to-unlock-the-global-potential-of-geothermal-power http://hdl.handle.net/10986/26190
_version_	1764461099471601664

Mobilizing Risk Capital to Unlock the Global Potential of Geothermal Power

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