Strategies for compensating for higher costs of geothermal electricity with environmental benefits

Strategies for compensating for higher costs of geothermal electricity with environmental benefits After very high growth in the 1980s, geothermal electricity production has slowed in the mid- and late-1990s. While Japanese, Indonesian and Philippine geothermal growth has remained high as a consequence of supportive government policies, geothermal electricity production has been flat or reduced in much of Europe and North America. Low prices for coal and natural gas, combined with deregulation, means that in much of the world electricity from new fuel-burning electricity plants can be provided at half the cost of new geothermal electricity. Cost-cutting must be pursued, but is unlikely to close the price gap by itself. Geothermal production is widely perceived as being environmentally clean, but this is not unambiguously true, and requires reinjection to be fully realized. Strategies for monetizing the environmental advantages of geothermal, including the carbon tax, are discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Geothermics Elsevier

Strategies for compensating for higher costs of geothermal electricity with environmental benefits

Geothermics, Volume 28 (6) – Dec 1, 1999

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Publisher
Elsevier
Copyright
Copyright © 1999 CNR
ISSN
0375-6505
eISSN
1879-3576
DOI
10.1016/S0375-6505(99)00018-8
Publisher site
See Article on Publisher Site

Abstract

After very high growth in the 1980s, geothermal electricity production has slowed in the mid- and late-1990s. While Japanese, Indonesian and Philippine geothermal growth has remained high as a consequence of supportive government policies, geothermal electricity production has been flat or reduced in much of Europe and North America. Low prices for coal and natural gas, combined with deregulation, means that in much of the world electricity from new fuel-burning electricity plants can be provided at half the cost of new geothermal electricity. Cost-cutting must be pursued, but is unlikely to close the price gap by itself. Geothermal production is widely perceived as being environmentally clean, but this is not unambiguously true, and requires reinjection to be fully realized. Strategies for monetizing the environmental advantages of geothermal, including the carbon tax, are discussed.

Journal

GeothermicsElsevier

Published: Dec 1, 1999

References

  • Nature and technology of geothermal energy: A review
    Barbier, E.
  • Present status and potential role of geothermal energy in the world
    Fridleifsson, I.B.
  • The status of world geothermal power production 1990–1994
    Huttrer, G.
  • Geothermal reinjection experience
    Stefansson, V.

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