EU focuses on geothermal energy - The initiative aims to meet 3/4 of the bloc's needs by 2040
The European Union has decided to prioritize geothermal energy as part of its strategy to increase energy security and reduce dependence on Russian gas.
According to a draft document, the 27 EU member states will collectively endorse geothermal energy at an upcoming meeting of EU energy ministers in Brussels, as reported by Reuters. Ministers will urge the European Commission to draw up a comprehensive plan to speed up projects of this type across the bloc.
The document calls for an EU strategy to reduce emissions from heating and cooling systems and proposes specific measures to accelerate geothermal initiatives. These measures may include financial guarantees to mitigate investment risks and improve permitting processes.
The projects involve drilling underground to access underground heat, which is used to heat buildings or generate electricity. "The use of geothermal energy contributes to the strategic objectives of the European Union by reducing energy dependence and fossil fuel imports," the document states.
High energy prices and the loss of Russian gas since the invasion of Ukraine in 2022 have pushed EU countries to expand the use of renewable energy sources. Despite significant increases in wind and solar energy, geothermal energy remains underutilized, producing less than 3% of the EU's total in 2022.
The European Geothermal Energy Council says the initiative could meet three-quarters of the EU's heating and cooling needs by 2040. While most of the bloc's countries have geothermal district heating systems, only a few, including France , Germany and Italy, use them to produce electricity.
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