The potential of geothermal energy for the green transition

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Tuairimí a glacadh on 23/10/2024 - Bureau decision date: 11/07/2024
Reference
TEN/843-EESC-2024
Opinion Type
Own-initiative opinion
Rapporteur
Zsolt KÜKEDI
Civil Society Organisations - GR III
Hungary
Co-rapporteur
Thomas KATTNIG
Workers - GR II
Austria
Plenary session number
591
-

Key Points

The EESC:

  • underlines that geothermal energy production has extremely low greenhouse gas emissions, thus reducing the continent’s dependence on fossil fuels and facilitating its decarbonisation, thereby making a significant contribution to achieving the EU’s 2050 climate neutrality goals;
  • highlights that the potential of geothermal energy in Europe is significantly untapped. Therefore, the Committee calls on the Commission to draw up a general European strategy for geothermal energy development in order to harness the potential of geothermal energy;
  • believes that investments in geothermal power plants will not work without Member State intervention: government funding and incentives are needed to attract and de-risk initial investments. Changes in energy policy or financing may affect the economic attractiveness of geothermal projects.

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  • Record of proceedings TEN/843
  • Follow-up from the Commission TEN/843

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