May 11, 2024
Global Renewable News

ENERGY SECTOR MANAGEMENT ASSISTANCE PROGRAM
ESMAP Publishes Report Unveiling the Socioeconomic Benefits of Geothermal Energy

January 10, 2024

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.

Citation
Energy Sector Management Assistance Program (ESMAP).
Geothermal Energy : Unveiling the Socioeconomic Benefits (English). ESMAP Paper. Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099122823090547278/P1744881ab11080191a03411d191385e065 

Click here to download the full report.

For more information

Energy Sector Management Assistance Program

www.esmap.org


From the same organization :
2 Press releases
World Bank Group

www.worldbank.org/en


From the same organization :
1 Press releases