Brussels, 16th December 2024 – The European Geothermal Energy Council (EGEC) is delighted with the Hungarian Presidency for initiating the proposal and to all Member States for adopting today the Council conclusions.
Geothermal Strategy
Energy Efficiency, Energy infrastructures, Innovation Fund, Licensing and EIA
Brussels, 13th December 2024 – The European Geothermal Energy Council (EGEC) welcomes the publication of the International Energy Agency’s (IEA) historic and ground-breaking report outlining geothermal’s role in improving energy security and economic resilience whilst addressing the climate crisis.
Financing
Dan Jørgensen, the Commissioner-Designate for Energy and Housing, committed to European strategy for geothermal at his confirmation hearing in the European Parliament yesterday, November 5th, 2024.
Energy Transition
IOGP, the international association of oil and gas producers, outlined a series of measures required to create market maturity for geothermal across Europe. They identify three key measures: i) Strategic funding; ii) policy support, and iii) risk management as the key ingredients of Europe’s geothermal action plan. Read The Full Statement Here
Environmental legislation, European Green Deal, Geothermal Strategy
Geothermal strategy, Lithium, National policies
Over 200 stakeholders across the value chain of the geothermal sector, government agencies, municipalities, consumers, academia, researchers, think-tanks and civil society called on the European Commission to prepare a European geothermal energy strategy and action plan.
Environmental legislation
EGEC welcomes the opportunity to contribute to the Commission’s guidelines on designating renewables acceleration areas (RAAs) and highlight the following: Need for a fair evaluation of geothermal-based electricity A higher use of non-price criteria is needed Need for renewable energy auctions by technology Read the full EGEC Response. See EGEC factsheet on Auctions to deploy geothermal.
Energy Transition
EGEC welcomes the opportunity to contribute to the Commission’s guidelines on designating renewables acceleration areas (RAAs) and highlight the following: Read the full EGEC Response.
Environmental legislation, Financing
EGEC welcomes the Commission's effort to assess the state of public funding and the capacity of EU countries to increase the uptake of private investment in energy efficiency. We firmly believe that geothermal energy can give a great contribution towards this objective.
Energy Transition, Environmental legislation, Financing
EGEC welcomes the Commission effort to provide guidance to Member States and market actors on how to unlock private investment, notably by developing innovative financing tools, scaling up financial instruments and making the most of public budget support.
Energy Transition
European Green Deal
A coalition of 19 organisations, including industry associations, NGOs, consumer groups, and think tanks issued an urgent call to European Commission President von der Leyen. The unexpected delay in publishing the Heat Pump Action Plan, originally set for the first quarter of 2024 and now postponed until after the EU elections, threatens Europe’s energy transition, they warn.