Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey
Based on the World Bank’s own extensive global experience and drawing upon international expertise from leading specialists and practitioners, this report presents a comparative assessment of various approaches that have been applied around the wor...
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26350369/comparative-analysis-approaches-geothermal-resource-risk-mitigation-global-survey http://hdl.handle.net/10986/24277 |
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okr-10986-242772021-05-25T10:54:36Z Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey World Bank Group TAX INCENTIVES RISKS POWER PLANTS FOSSIL FUELS RISK REDUCTION INFORMED DECISIONS DISTRICT HEATING INTEREST GUARANTEES ACTIVITIES OIL COMPANY GENERATION COST OF ELECTRICITY ENERGY SOURCE PROGRAMS GEOTHERMAL ELECTRICITY CLEAN ENERGY INFORMATION GEOTHERMAL FLUIDS POWER PROJECT INCENTIVES RENEWABLE PORTFOLIO STANDARDS GEOTHERMAL PROJECTS RENEWABLE ENERGY POLICY PRICE GEOTHERMAL SECTOR POWER SYSTEM ELECTRIC UTILITY GENERATION CAPACITY GEOTHERMAL PROJECT OIL POWER GENERATION GEOTHERMAL ACTIVITY ENERGY SOURCES SUSTAINABLE ENERGY POWER SECTOR RENEWABLE SOURCE OIL COMPANIES OPTIONS ENERGY RESOURCES POWER GENERATORS LARGE POWER PLANTS MARKETS ELECTRICITY SUPPLY INSURERS GEOTHERMAL CAPACITY GEOTHERMAL ENERGY TAX REVENUES GEOTHERMAL RESERVOIR RESERVES FUELS POWER PLANT CONSTRUCTION POWER PRODUCERS TAX POLICIES DRILLING ACTIVITIES FUEL SUPPLY POWER GENERATION CAPACITY TAX CREDIT TAX INCENTIVE HEAT BALANCE HEAT RECOVERY POWER CORPORATION INSURANCE PRODUCTS SOURCE OF ENERGY ALTERNATIVE ENERGY GEOTHERMAL POWER GEOTHERMAL POWER PLANTS LOSSES POWER ELECTRICITY ELECTRICITY SALES GEOTHERMAL GENERATION CREDIT ALTERNATIVE ENERGY PROGRAM GREEN POWER GEOTHERMAL INDUSTRY GEOTHERMAL RESOURCE CONSUMERS STEAM FIELD GEOTHERMAL TECHNOLOGY INJECTION WELLS GEOTHERMAL EXPLORATION GENERATING CAPACITY EXPLORATION DRILLING POWER PRODUCTION HOT SPRINGS TAX REVENUE INSURANCE GREEN FIELD INSURANCE PREMIUMS LOSS POWER PRODUCER GEOTHERMAL WELLS TAX CREDITS RISK INSURANCE INVESTMENT RISK GEOTHERMAL POWER PRODUCTION MITIGATION ENERGY DEVELOPMENT GEOTHERMAL SYSTEMS NUCLEAR POWER POWER CAPACITY TARIFF UTILITY COMPANY TRANSMISSION INFRASTRUCTURE FUEL DRILLING GEOTHERMAL POWER CAPACITY FACILITIES AVAILABILITY GEOTHERMAL RESOURCES INVESTMENTS RENEWABLE SOURCE OF ENERGY FINANCIAL RISK HEAVY RELIANCE RENEWABLE ENERGY RENEWABLE POWER DIESEL LIABILITIES GEOTHERMAL FIELD GEOTHERMAL DRILLING COVERAGE FOSSIL TRANSMISSION LINES PRICES APPROACH NUCLEAR POWER PLANTS POWER PLANT RISK MITIGATION GEOTHERMAL DEVELOPMENT ENERGY PREMIUMS Based on the World Bank’s own extensive global experience and drawing upon international expertise from leading specialists and practitioners, this report presents a comparative assessment of various approaches that have been applied around the world, with varying degrees of success, to mitigate resource risks and catalyze investments in developing the geothermal sector. It provides a framework that can help decision makers identify suitable approaches that are commensurate with development goals, funding capacity, implementation capabilities, and other circumstances specific to the context in a given country. Geothermal presents an opportunity for many countries to diversify their power generation mix in a sustainable way since it is an environmentally friendly, clean energy source that can reliably produce baseload power on a 24 by 7 basis. Despite over 100 years of development and an estimated global potential of 70 - 80 gigawatts (GW), only about 15 percent of the known geothermal reserves are presently exploited and producing electricity. While there are many reasons, in various countries, for the slow pace of geothermal development, one widely recognized and unique obstacle that is applicable worldwide is the high resource risk during the early stages of the geothermal development process. As a result, it is difficult to mobilize the early-stage investments, especially through the private sector. 2016-05-17T17:32:31Z 2016-05-17T17:32:31Z 2016-03 Working Paper http://documents.worldbank.org/curated/en/2016/05/26350369/comparative-analysis-approaches-geothermal-resource-risk-mitigation-global-survey http://hdl.handle.net/10986/24277 English en_US ESMAP Knowledge Series;024/16 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: ESMAP Paper Latin America & Caribbean |
| 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 |
TAX INCENTIVES RISKS POWER PLANTS FOSSIL FUELS RISK REDUCTION INFORMED DECISIONS DISTRICT HEATING INTEREST GUARANTEES ACTIVITIES OIL COMPANY GENERATION COST OF ELECTRICITY ENERGY SOURCE PROGRAMS GEOTHERMAL ELECTRICITY CLEAN ENERGY INFORMATION GEOTHERMAL FLUIDS POWER PROJECT INCENTIVES RENEWABLE PORTFOLIO STANDARDS GEOTHERMAL PROJECTS RENEWABLE ENERGY POLICY PRICE GEOTHERMAL SECTOR POWER SYSTEM ELECTRIC UTILITY GENERATION CAPACITY GEOTHERMAL PROJECT OIL POWER GENERATION GEOTHERMAL ACTIVITY ENERGY SOURCES SUSTAINABLE ENERGY POWER SECTOR RENEWABLE SOURCE OIL COMPANIES OPTIONS ENERGY RESOURCES POWER GENERATORS LARGE POWER PLANTS MARKETS ELECTRICITY SUPPLY INSURERS GEOTHERMAL CAPACITY GEOTHERMAL ENERGY TAX REVENUES GEOTHERMAL RESERVOIR RESERVES FUELS POWER PLANT CONSTRUCTION POWER PRODUCERS TAX POLICIES DRILLING ACTIVITIES FUEL SUPPLY POWER GENERATION CAPACITY TAX CREDIT TAX INCENTIVE HEAT BALANCE HEAT RECOVERY POWER CORPORATION INSURANCE PRODUCTS SOURCE OF ENERGY ALTERNATIVE ENERGY GEOTHERMAL POWER GEOTHERMAL POWER PLANTS LOSSES POWER ELECTRICITY ELECTRICITY SALES GEOTHERMAL GENERATION CREDIT ALTERNATIVE ENERGY PROGRAM GREEN POWER GEOTHERMAL INDUSTRY GEOTHERMAL RESOURCE CONSUMERS STEAM FIELD GEOTHERMAL TECHNOLOGY INJECTION WELLS GEOTHERMAL EXPLORATION GENERATING CAPACITY EXPLORATION DRILLING POWER PRODUCTION HOT SPRINGS TAX REVENUE INSURANCE GREEN FIELD INSURANCE PREMIUMS LOSS POWER PRODUCER GEOTHERMAL WELLS TAX CREDITS RISK INSURANCE INVESTMENT RISK GEOTHERMAL POWER PRODUCTION MITIGATION ENERGY DEVELOPMENT GEOTHERMAL SYSTEMS NUCLEAR POWER POWER CAPACITY TARIFF UTILITY COMPANY TRANSMISSION INFRASTRUCTURE FUEL DRILLING GEOTHERMAL POWER CAPACITY FACILITIES AVAILABILITY GEOTHERMAL RESOURCES INVESTMENTS RENEWABLE SOURCE OF ENERGY FINANCIAL RISK HEAVY RELIANCE RENEWABLE ENERGY RENEWABLE POWER DIESEL LIABILITIES GEOTHERMAL FIELD GEOTHERMAL DRILLING COVERAGE FOSSIL TRANSMISSION LINES PRICES APPROACH NUCLEAR POWER PLANTS POWER PLANT RISK MITIGATION GEOTHERMAL DEVELOPMENT ENERGY PREMIUMS |
| spellingShingle |
TAX INCENTIVES RISKS POWER PLANTS FOSSIL FUELS RISK REDUCTION INFORMED DECISIONS DISTRICT HEATING INTEREST GUARANTEES ACTIVITIES OIL COMPANY GENERATION COST OF ELECTRICITY ENERGY SOURCE PROGRAMS GEOTHERMAL ELECTRICITY CLEAN ENERGY INFORMATION GEOTHERMAL FLUIDS POWER PROJECT INCENTIVES RENEWABLE PORTFOLIO STANDARDS GEOTHERMAL PROJECTS RENEWABLE ENERGY POLICY PRICE GEOTHERMAL SECTOR POWER SYSTEM ELECTRIC UTILITY GENERATION CAPACITY GEOTHERMAL PROJECT OIL POWER GENERATION GEOTHERMAL ACTIVITY ENERGY SOURCES SUSTAINABLE ENERGY POWER SECTOR RENEWABLE SOURCE OIL COMPANIES OPTIONS ENERGY RESOURCES POWER GENERATORS LARGE POWER PLANTS MARKETS ELECTRICITY SUPPLY INSURERS GEOTHERMAL CAPACITY GEOTHERMAL ENERGY TAX REVENUES GEOTHERMAL RESERVOIR RESERVES FUELS POWER PLANT CONSTRUCTION POWER PRODUCERS TAX POLICIES DRILLING ACTIVITIES FUEL SUPPLY POWER GENERATION CAPACITY TAX CREDIT TAX INCENTIVE HEAT BALANCE HEAT RECOVERY POWER CORPORATION INSURANCE PRODUCTS SOURCE OF ENERGY ALTERNATIVE ENERGY GEOTHERMAL POWER GEOTHERMAL POWER PLANTS LOSSES POWER ELECTRICITY ELECTRICITY SALES GEOTHERMAL GENERATION CREDIT ALTERNATIVE ENERGY PROGRAM GREEN POWER GEOTHERMAL INDUSTRY GEOTHERMAL RESOURCE CONSUMERS STEAM FIELD GEOTHERMAL TECHNOLOGY INJECTION WELLS GEOTHERMAL EXPLORATION GENERATING CAPACITY EXPLORATION DRILLING POWER PRODUCTION HOT SPRINGS TAX REVENUE INSURANCE GREEN FIELD INSURANCE PREMIUMS LOSS POWER PRODUCER GEOTHERMAL WELLS TAX CREDITS RISK INSURANCE INVESTMENT RISK GEOTHERMAL POWER PRODUCTION MITIGATION ENERGY DEVELOPMENT GEOTHERMAL SYSTEMS NUCLEAR POWER POWER CAPACITY TARIFF UTILITY COMPANY TRANSMISSION INFRASTRUCTURE FUEL DRILLING GEOTHERMAL POWER CAPACITY FACILITIES AVAILABILITY GEOTHERMAL RESOURCES INVESTMENTS RENEWABLE SOURCE OF ENERGY FINANCIAL RISK HEAVY RELIANCE RENEWABLE ENERGY RENEWABLE POWER DIESEL LIABILITIES GEOTHERMAL FIELD GEOTHERMAL DRILLING COVERAGE FOSSIL TRANSMISSION LINES PRICES APPROACH NUCLEAR POWER PLANTS POWER PLANT RISK MITIGATION GEOTHERMAL DEVELOPMENT ENERGY PREMIUMS World Bank Group Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey |
| geographic_facet |
Latin America & Caribbean |
| relation |
ESMAP Knowledge Series;024/16 |
| description |
Based on the World Bank’s own extensive
global experience and drawing upon international expertise
from leading specialists and practitioners, this report
presents a comparative assessment of various approaches that
have been applied around the world, with varying degrees of
success, to mitigate resource risks and catalyze investments
in developing the geothermal sector. It provides a framework
that can help decision makers identify suitable approaches
that are commensurate with development goals, funding
capacity, implementation capabilities, and other
circumstances specific to the context in a given country.
Geothermal presents an opportunity for many countries to
diversify their power generation mix in a sustainable way
since it is an environmentally friendly, clean energy source
that can reliably produce baseload power on a 24 by 7 basis.
Despite over 100 years of development and an estimated
global potential of 70 - 80 gigawatts (GW), only about 15
percent of the known geothermal reserves are presently
exploited and producing electricity. While there are many
reasons, in various countries, for the slow pace of
geothermal development, one widely recognized and unique
obstacle that is applicable worldwide is the high resource
risk during the early stages of the geothermal development
process. As a result, it is difficult to mobilize the
early-stage investments, especially through the private sector. |
| format |
Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey |
| title_short |
Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey |
| title_full |
Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey |
| title_fullStr |
Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey |
| title_full_unstemmed |
Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation : A Global Survey |
| title_sort |
comparative analysis of approaches to geothermal resource risk mitigation : a global survey |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/05/26350369/comparative-analysis-approaches-geothermal-resource-risk-mitigation-global-survey http://hdl.handle.net/10986/24277 |
| _version_ |
1764456306136055808 |