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

Anastasia Ioannou (), Gioia Falcone, Christina Baisch, Georgie Friederichs and Jan Hildebrand
Additional contact information
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

Energies, 2023, vol. 16, issue 3, 1-25

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.

Keywords: geothermal energy; decision tree; social engagement; alternative financing; risk mitigation (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/3/1280/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/3/1280/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:16:y:2023:i:3:p:1280-:d:1046133

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().