There are clear economic benefits to developing geothermal energy. Oil and gas resources are dwindling while fuel prices continue to rise at an unsustainable rate. The world’s economy is struggling and jobs are desperately needed. Geothermal energy is the solution.
Geothermal energy helps governments to tackle security-of-supply issues. It is a renewable resource that will never deplete. The European Commission estimates the EU could create up to 1.5 million jobs by 2020 by investing in a low-carbon economy.
Modern geothermal plants produce no CO2 emissions. They have minimal impact on the surrounding environment. You cannot hear geothermal energy, you cannot see it and you cannot smell it. Geothermal district heating systems are very urban friendly. Likewise, geothermal energy is not reliant on the weather, unlike solar and wind. It can operate almost 100% of the time. Indeed, geothermal is a proven technology harnessed around the world. Importantly, geothermal systems have an estimated lifetime of 100-300 years. They provide energy security for urban locations.