Southeast Asia Geothermal Development Stalls
This is a Philippines news story, published by ABC News, that relates primarily to Brommer news.
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geothermal energyABC News
•Business
Business & Economics
Financial and community hurdles slow geothermal energy development in Southeast Asia
90% Informative
Indonesia and the Philippines have the second and third highest installed geothermal energy capacity in the world, after the United States .
Geothermal energy is a clean, round-the-clock source of power and considered a clean option for countries like Indonesia and Philippines .
Financial, regulatory and community roadblocks have stalled growth in Southeast Asia .
More readily available financing and regulatory changes are starting to address these barriers.
Protests at geothermal sites in the Philippines have led at least one company to pay royalties to Indigenous groups worried about land degradation caused by geothermal development.
Governments and businesses should work to gain the consent of communities near projects to help ensure they succeed.
“We need to show that this development benefits all people, not just a company,” says Brommer .