San Giorgio Group Report: The Role of Public Finance in Deploying Geothermal – Background Paper

Geothermal energy is broadly cost competitive with fossil fuel alternatives even without a carbon price. The levelized cost of geothermal electricity is around 9-13 USDc/kWh, making it one of the cheapest renewable energy options available. Its ability to provide low-cost, low-carbon power reliably and flexibly means is well-placed among to meet developing countries growing energy needs while displacing polluting fossil fuel power plants.