This paper aims to highlight the main financial barriers to the development of geothermal technologies, and to propose innovative and differentiated tools for funding geothermal heat and geothermal electricity. The document puts forward key recommendations for designing new and improving the functioning of existing public support schemes.
This fact sheet presents the stimulation process to engineer geothermal reservoir (often mistaken for fracking as used in shale gas production). The document presents the key differences between the resources needed, and the different consequences of the processes used for Enhanced Geothermal Systems and for shale gas.
The debate on the 2030 framework must include heating and cooling stresses the Heat Coalition.
The European Parliament`s Industry, Research and Energy committee (ITRE) has approved its own initiative report on the Commission’s “Energy Roadmap 2050”. The Parliament calls notably for greater attention to be paid to the heating and cooling sector and highlights how geothermal, together with other renewables and energy efficiency measures, have the potential to decarbonise heat demand in a more cost effective way.