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Wednesday, 06 September 2017 11:00

Italy to scale-up geothermal energy use

Italy to scale-up geothermal energy use

Government and private sector leaders assemble to unlock geothermal’s 200GW of potential 

Leaders and ministers from more than 25 governments will meet in Florence, Italy on 11 September, to accelerate the global adoption of geothermal energy, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of IRENA.

Geothermal energy today accounts for just 0.3 percent of globally installed renewable energy capacity. However – once start-up costs are met – it is one of the lowest-cost and most reliable renewable energy sources available. The global potential for geothermal is estimated to be in the region of 200 gigawatts. New Zealand is the leader in geothermal energy use.

The conference entitled ‘Working Together to Promote Geothermal Energy Towards a Sustainable Energy Future’will bring together private and public sector representatives to address and overcome barriers that have hindered the deployment of geothermal despite its vast potential. The meeting is organised by the Italian government, including the Ministry of Foreign Affairs and International Cooperation, the Ministry of Economic Development, and the Ministry for the Environment, Land and Sea together with the International Renewable Energy Agency (IRENA).

“In line with our commitment to the COP21 Agreement, the Italian Government is determined to promote renewable energy and invest in innovative, zero-emission technologies with low environmental impact, including in the geothermal sector,” said Italian Minister for Environment Mr. Gian Luca Galletti.

“Globally, geothermal energy remains largely untapped despite its huge potential for low-carbon power generation and direct use in heating and cooling,” said Mr. Adnan Z. Amin, IRENA Director-General. “Right now we may only be harvesting six per cent of proven geothermal energy potential, meaning the sector represents a significant opportunity to decarbonise the energy system and drive economic growth in the 90 countries with proven resources”, he continued.

More details:  http://www.irena.org/home/index.aspx?PriMenuID=12&mnu=Pri

Person in charge of the newsline: Fidan Isayeva 

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