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A geothermal transition
Barron, Elsa Colorado School of Mines. Payne Institute for Public Policy Bazilian, Morgan
Barron, Elsa
Colorado School of Mines. Payne Institute for Public Policy
Bazilian, Morgan
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2021-11-16
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Abstract
The global energy sector is changing rapidly, and in myriad ways. Geothermal energy is poised to play an important role going forward. While the technology has been in place for many decades, new innovations are opening up possibilities for the expansion of geothermal energy production into areas beyond traditional geothermal hotspots (e.g., volcanoes). Geothermal also has an important benefit among renewable energy technologies: it has considerable overlap of required data and skill sets with the oil and gas industry—this has big implications for ensuring so called just transitions. With expanded investment into research and development of this energy source, geothermal can help countries reach their climate change goals effectively.
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