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A Decision Support Tool for Social Engagement, Alternative Financing and Risk Mitigation of Geothermal Energy Projects

Author

Listed:
  • Anastasia Ioannou

    (James Watt School of Engineering, University of Glasgow, Glasgow G12 8QQ, UK)

  • Gioia Falcone

    (James Watt School of Engineering, University of Glasgow, Glasgow G12 8QQ, UK)

  • Christina Baisch

    (Vulcan Energy Subsurface Solutions GmbH, 76227 Karlsruhe, Germany)

  • Georgie Friederichs

    (CrowdfundingHub BV, 1064 NW Amsterdam, The Netherlands)

  • Jan Hildebrand

    (Institute for Future Energy and Material Flow Systems, 66115 Saarbrücken, Germany)

Abstract

This paper presents a decision support tool for promoters/investors of geothermal energy projects, based on a decision tree (DT) structure. The DT aims to assist stakeholders to select public engagement strategies, alternative financing solutions and risk mitigation measures (or options) for geothermal energy projects. Public engagement is necessary for the successful development and operation of geothermal projects. Available studies (including toolkits and protocols) commonly list a set of practices for social engagement without providing information on the factors which render certain options more suitable than others. The presented tool offers a transparent framework to how relevant decisions could be managed by providing a sequence of questions that focus on social, environmental, resource risk, and financial influencing factors and to realise community engagement into geothermal projects. This work is part of the Horizon 2020 CROWDTHERMAL project, which aims at empowering the public to directly participate in the development of geothermal projects through social engagement tools and alternative financing schemes, like crowdfunding.

Suggested Citation

  • Anastasia Ioannou & Gioia Falcone & Christina Baisch & Georgie Friederichs & Jan Hildebrand, 2023. "A Decision Support Tool for Social Engagement, Alternative Financing and Risk Mitigation of Geothermal Energy Projects," Energies, MDPI, vol. 16(3), pages 1-25, January.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:3:p:1280-:d:1046133
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    References listed on IDEAS

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