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In Florence first ministerial conference of the Global Geothermal Alliance

FLORENCE, SEPTEMBER 8 – “Working Together to Promote Geothermal Energy towards a Sustainable Energy Future”: 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. The regional capital of Tuscany is also the cradle of geothermal energy, because it was in nearby Larderello that the world’s first plant producing geothermal energy started operating in 1913.

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.

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.

Through the conference initiative, Italy, in the capacity of Chair of the General Assembly of IRENA for 2017, will further enhance its proactive role in encouraging international actions to promote the transition to renewable energy sources worldwide.

The Florence Conference will be open, among others, by the Minister of the Environment Gian Luca Galletti and by the Deputy Minister of Economic Development, Teresa Bellanova. The Foreign Ministry will be represented by the Director of the General Directorate for Globalisation and Global Affairs, Massimo Gaiani. (@OnuItalia)

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Alessandra Baldini e’ stata la prima donna giornalista parlamentare per l’Ansa, poi corrispondente a Washington e responsabile degli uffici Ansa di New York e Londra. Dirige OnuItalia.

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Alessandra Baldini e’ stata la prima donna giornalista parlamentare per l’Ansa, poi corrispondente a Washington e responsabile degli uffici Ansa di New York e Londra. Dirige OnuItalia. Contact: Website | Twitter | More Posts