Geothermal power plant
Outlook 2024: Geothermal energy sector set for growth
Geothermal energy provides reliable baseload power and heat supply
Geothermal energy is experiencing a renewed resurgence of interest and investment as governments at a national and local level work to decarbonise their energy mix away from an overreliance on hydrocarbons. The geothermal industry last saw significant investment following the oil supply shocks of the 1970s but has until now largely remained confined to regions with particularly high geothermal gradients, marked by high volcanic activity such as countries around the Pacific. With the energy transition a key focus for policymakers, geothermal has returned as an attractive clean and renewable energy source. A key advantage of geothermal over other renewable solutions lies in its reliability, as
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
