Report

Opportunities and Challenges for Scaling Up Geothermal Development in Latin America and the Caribbean

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collection.link.263
https://openknowledge.worldbank.org/handle/10986/17456
collection.name.263
ESMAP papers
dc.contributor.author
World Bank Group
dc.date.accessioned
2018-11-27T20:39:49Z
dc.date.available
2018-11-27T20:39:49Z
dc.date.issued
2018-06-26
dc.date.lastModified
2021-05-25T09:19:32Z
dc.description.abstract
Geothermal energy can play a substantial role in meeting the energy needs of many Latin America and Caribbean Region (LAC) countries given the region’s vast potential. The majority of geothermal resources in the LAC region remain largely untapped, not only in Central America and Mexico where development is more advanced, but also in the Caribbean and in South America. If further explored and developed in a sustainable fashion, these resources could meet a significant share of the base load power needs of the region, at a competitive cost, resulting in direct economic and environmental benefits. This report is envisioned to be a decision-makers’ guide for assessing key challenges and measures to facilitate expanding geothermal development in LAC. Based on discussions with LAC policymakers, utilities, and developers, several cross-cutting challenges affecting most countries in the region were identified, including: i) addressing geothermal resource risks; ii) mobilizing financing for geothermal development; iii) policy, legal, and regulatory reforms to improve the investment climate; and iv) environmental and social considerations. Based on the World Bank’s own extensive experience in the geothermal sector and drawing upon global and regional experience, this report then presents demonstrated solutions to addressing these key challenges. It showcases an array of measures from around the world that clients in LAC can customize for application in their own domestic markets.
en
dc.identifier
http://documents.worldbank.org/curated/en/173681539626591426/Opportunities-and-Challenges-for-Scaling-up-Geothermal-Development-in-Latin-America-and-Caribbean-Region
dc.identifier.uri
http://hdl.handle.net/10986/30895
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
GEOTHERMAL ENERGY
dc.subject
REGULATORY FRAMEWORK
dc.subject
INSTITUTIONAL CAPACITY
dc.subject
ENERGY FINANCE
dc.subject
RISK MANAGEMENT
dc.subject
INVESTMENT CLIMATE
dc.subject
ENVIRONMENTAL SAFEGUARDS
dc.subject
SOCIAL IMPACT
dc.subject
RENEWABLE ENERGY
dc.subject
PUBLIC-PRIVATE PARTNERSHIPS
dc.title
Opportunities and Challenges for Scaling Up Geothermal Development in Latin America and the Caribbean
en
dc.type
Report
en
okr.crossref.title
Opportunities and Challenges for Scaling Up Geothermal Development in Latin America and the Caribbean
okr.date.disclosure
2018-10-15
okr.doctype
Publications & Research :: ESMAP Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/173681539626591426/Opportunities-and-Challenges-for-Scaling-up-Geothermal-Development-in-Latin-America-and-Caribbean-Region
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/30895
okr.identifier.externaldocumentum
090224b08653df1d_3_0
okr.identifier.internaldocumentum
30207544
okr.identifier.report
128045
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/173681539626591426/pdf/128045-ESMAP-REVISED-PUBLIC.pdf
en
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Caribbean
okr.region.geographical
Latin America
okr.sector
Energy and Extractives
okr.topic
Energy :: Energy Policies & Economics
okr.topic
Energy :: Energy and Environment
okr.topic
Energy :: Renewable Energy
okr.topic
Energy :: Thermal Energy
okr.unit
Energy GP LAC (GEE04)

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