Send a Tweet
Most Popular Choices
Share on Facebook 2 Share on Twitter Printer Friendly Page More Sharing
General News   

New Framework for European Geothermal Industry Encourages exploration companies to investigate new resources

By       (Page 1 of 3 pages)     (# of views)   No comments
Author 40799
Message OilGuy
- Advertisement -

I've received a copy of a new regulation framework for geothermal energy in Europe. Handed to me by a colleague last week, whose associate led the drafting of the document.

Geothermal is still an infant industry. In many countries, governments lack even a basic mechanism for granting licenses on geothermal projects. There just isn't any legal-work around giving a company rights to hot groundwater.

- Advertisement -

The new framework attempts to address this and several other issues for European governments. Giving them suggestions on how to administer and foster geothermal projects within their borders.

- Advertisement -

Much of the document is straight-forward. The licensing process should be transparent and streamlined. Contract timelines should be set based on realistic estimates of the amount of work needed to assess a geothermal resource. Data from test wells should be centrally collected and used to hone future licensing and exploration.

But there are a few more interesting and unexpected suggestions made by the framework.

- Advertisement -

The document specifically recommends that geothermal licensing fees should come in lower than for hydrocarbon and mining licenses. In recognition of "the lower return on investment from geothermal energy systems... and the beneficial characteristics of geothermal energy as a low carbon, sustainable energy resource."

Next Page  1  |  2  |  3

 

- Advertisement -

Rate It | View Ratings

OilGuy Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I have an interest in the financial markets, commodities and Geopolitics.
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Africa's Increasing Importance in Worldwide Energy Security Affairs

The Myth Of Nabucco: Greed, Delusion and $11.4 Billion

Government Insiders: Get Ready for the Gulf Dead Zone

They Died Before the Oil Ran Out

The Great Geopolitical Battle Over Energy Transit Routes

Canada's Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says