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Geothermal energy: unveiling the socioeconomic benefits

sheeja's picture
Submitted by sheeja on Thu, 2024-01-04 14:46

This report highlights the socioeconomic contributions of the geothermal sector, including the potential opportunities and benefits that can be enhanced at national and local levels throughout geothermal projects’ development and operation. The report was prepared using qualitative data from over 40 stakeholders in the geothermal industry, including governments, industry associations, academia, public and private sector developers, and technical experts. Quantitative data were collected from a survey of 15 geothermal developers around the world. Key lessons and best practices are outlined in the text and also showcased across 27 case studies. The report examines benefits across four categories, derived from the World Bank’s sustainable renewables risk mitigation initiative: participation of domestic companies in the geothermal value chain; geothermal employment and skill development; local development and benefit sharing; and gender equality and social inclusion.

thesaurus: 
Geothermal Energy
Economy
Private Sector
Employment
Global
Publisher : 
Energy Sector Management Assistance Program (ESMAP)
Main Topic: 
Energy
Mark Content Private(Internal): 
Email Alert: 
130
Publication Date: 
02/01/2024
Document Type: 
Reports