Geothermal is a viable and real alternative for developing economies and according to the WB, the ESMAP has mobilised US$235 million through the Clean Technology Fund towards scaling up geothermal energy in developing countries.
Low oil prices could be an opportunity for geothermal development in the region of Latin America and the Caribbean, as it could lower prices for drilling activities and free up drilling capacity for geothermal development.
Policies, regulations and incentives play an important role in helping to foster geothermal development. How crucial they really have been in the past 14 years was content of a recent presentation I gave and talk about in this article.
The President of Costa Rica announces that he will not support geothermal energy development in the national parks of the country, despite three pieces of legislation currently being finalized opening parks for development.