The pathway to net zero requires a significant increase in global investments across infrastructure sectors and beyond to mitigate greenhouse gas emissions and build resilience to the climate change impact and loss already seen around the globe.
Given the increased fiscal constraints of governments, Public-Private Partnerships (PPPs) that can crowd-in private sector technical solutions, innovation, and finance are becoming key tools to meeting the Paris Agreement goals.
Geothermal energy is one of the clean energy sources that need substantive financing. Fast-tracking geothermal project financing through public-private partnerships and recognition of the real value and benefits of public-private partnerships (PPPs) in geothermal projects will provide the opportunity for the development of new geothermal fields. One of the ways this can be achieved is by reducing the period from planning to financing approval, which should be the realizable goal so that projects are developed when and where they are most needed.Â