GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Government and private sector leaders assemble to unlock geothermal's 200GW of potential

Abu Dhabi, U.A.E., 5 September 2017: Leaders and ministers from more than 25 governments will meet in Florence, Italy on 11 September, to accelerate the global adoption of geothermal energy. The Global Geothermal Alliance (GGA) meeting represents the largest such ministerial gathering dedicated to geothermal energy development.

Geothermal energy today accounts for just 0.3 percent of globally installed renewable energy capacity. However – once start-up costs are met – it is one of the lowest-cost and most reliable renewable energy sources available. The global potential for geothermal is estimated to be in the region of 200 gigawatts.
Entitled: ‘Working Together to Promote Geothermal Energy Towards a Sustainable Energy Future' the conference will bring together private and public sector representatives to address and overcome barriers that have hindered the deployment of geothermal despite its vast potential. The meeting is organised by the Italian government, including the Ministry of Foreign Affairs and International Cooperation, the Ministry of Economic Development, and the Ministry for the Environment, Land and Sea together with the International Renewable Energy Agency (IRENA).

'In line with our commitment to the COP21 Agreement, the Italian Government is determined to promote renewable energy and invest in innovative, zero-emission technologies with low environmental impact, including in the geothermal sector,” said Italian Minister for Environment Mr. Gian Luca Galletti.
“My country is engaged, and will continue to pursue objectives within the framework of our National Energy Policy and Strategies based on our broad and remarkable renewable energy knowledge,” continued Minister Galletti. “This is especially true of our geothermal energy experience, having developed the first-ever geothermal energy production plant in Lardarello, Tuscany,” he concluded.

“Globally, geothermal energy remains largely untapped despite its huge potential for low-carbon power generation and direct use in heating and cooling,” said Mr. Adnan Z. Amin, IRENA Director-General. “Right now we may only be harvesting six per cent of proven geothermal energy potential, meaning the sector represents a significant opportunity to decarbonise the energy system and drive economic growth in the 90 countries with proven resources.

“This Global Geothermal Alliance ministerial is a milestone that, in the strongest possible terms, demonstrates renewed will to unlock the potential of geothermal and reinforce the importance of its deployment to the global energy transition,” concluded Mr. Amin.

The conference will attract more than 200 attendees who will hear global government and business leaders discuss the challenges and opportunities associated with scaling-up geothermal energy. In particular, the meeting will focus on identifying the mechanisms required to de-risk geothermal investments, creating regulatory consistency and pathways to strengthen institutional and human capacity within the sector.

Launched in 2015 at COP21 in Paris, the GGA is an inclusive multi-stakeholder platform of public, private, intergovernmental and non-governmental actors committed to scaling up geothermal energy deployment worldwide. Its membership is composed of 42 countries, and 29 partner institutions, including multilateral organisations, development partners, international and regional organisations, global financial institutions and private sector.
The Alliance aims to enhance multilateral efforts towards a more favourable environment to achieve a 500 per cent increase in global installed capacity for geothermal power generation and a 200 per cent increase in geothermal heating by 2030.

Geothermal energy is energy in the form of heat within the sub-surface of the Earth that is carried up to the surface as water and/or steam. Depending on its characteristics, geothermal energy can be used to generate clean electricity, or in direct use applications such as heating, cooling, the agribusiness and in industrial applications, to name a few.

The environmental footprint of geothermal energy is negligible and its predictability and reliability make it a significant contributor to decarbonisation of the global energy system, while increasing security of supply, and boosting local economic development.



Posted by : GoDubai Editorial Team
Viewed 8339 times
Posted on : Tuesday, September 5, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : UL and the GCC Laboratories Announce Joint Venture to Strengthen the Middle East's Renewable Energy ...
Next Story : DowDuPont™ Merger Auccessfully Completed
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
New Season Haircare Must-Have: Head & Shoulders Invigorating Apple Fresh Range
SOUQ.com to Launch Half a Million Deals for White Friday 2017
Roja Parfums ELYSIUM - Now available at Paris Gallery in UAE
Give the Gift of Beautiful Hair with SHOW Beauty
Celebrating regional artistry, creativity and talent through a passion for makeu...
Runway Dubai Wrapped up an inspiring star studded event with iconic designer, Wa...
PLAY FOR PEACE, Spread Good Vibes this Christmas
FOREO: Futuristic Gifting Ideas
Infinix Launches Zero 5 in Dubai in Partnership with Souq.com
Six pairs of Emirati siblings marched together at Skyline's 27th Graduation Ceremony
Alessandro International mystifies with its launch event for its Winter Collection
Tissot Chrono XL - It's time to think big!
Stylish automatics from CITIZEN made for the special occasion
TKD Lingerie: New lingerie treats for the holidays
Santa Claus is coming to town on a festive Graham Chronofighter Vintage Nose Art Ltd
ALWAYS TOP OF THE CHARTS: THE ICONS
Ulysse Nardin Marine Torpilleur Military - The Mark of A Captain
Chattels & More returns to Downtown Design showcasing limited edition pieces in ...
Dubai RAK Diabetes Center launches Dhs 1 Diabetes screening for residents
Alpha Assured Assistance (AAA) Loyalty Program to ramp up loyalty landscape in t...
The Rado True Cyclo - Exclusive watch co-developed with French designer Philippe...
Malabar Gold & Diamonds launched its 195th store in Mandya, Karnataka, India
SIAL Middle East to Host 22,000 Food Industry Experts
Tub Of Butter Celebrates First Birthday with 1 Dhs Coffee
SAINT HONORE Celebrates the UAE's 46th National Day with a Limited Edition Hauss...
Middle East Food Forum (MEFF) to host its 2nd edition co-located with SIAL Middl...
Fatima Bint Abdul Malik Primary School Crowned Champion of “Lughati Cup 2017”
Dubai Sports Council Championship for Football Academies set for a “bigger and b...
India's largest education technology provider BYJU'S unveils a whole new persona...
Chattels & More returns to Downtown Design showcasing limited edition pieces whi...
H.H. Sheikh Hamdan bin Zayed Al Nahyan Tours the Barakah Nuclear Energy Plant
Dubai Shines as Global Industry Descends on Vod Dubai International Jewellery Show
Wataniya Airways to add 25 A320neo Family aircraft
Dubai Festival City Reveals Highlights of the Dubai Fitness Challenge Closing Ce...
LG Unveils Expanded Medical Imaging Product Lineup at Medica 2017
Fashion Forum by College of Fashion Design (CFD)
Dubai Customs' Smart Refund initiative to the finals of “Smart Government” program
Etisalat UAE conducts first VoLTE call over Cat-M1 IoT network in the region
New Intelligent Huawei Phone Wows UAE's Most Stylish at Arab Fashion Week
Schneider Electric at ADIPEC 2017: Real-time Data to Revolutionise Oil and Gas I...
Steel Alliance Against Counterfeiting: “Risks posed by counterfeiting put the wh...
Abu Dhabi Residents Learn About Nuclear Energy and Latest Project Updates at ENE...
Aston Martin at the 2017 Dubai International Motor Show
ADSB successfully expands into oil and gas industry despite low oil prices
Lexus launches reimagined flagship, all-new 'LS' in the UAE
Augmented Reality safety glasses eye Middle East debut at Intersec 2018
7% growth of oil and gas companies in Jafza
Dubai non-oil foreign trade increases by 13% year-on-year in the third quarter o...
Khalifa University Showcases Research Projects in Oil and Gas Sector at ADIPEC 2017
Renewable Energy Can Be Strengthened in Next Round of Climate Negotiations