Geothermal energy projects must be prioritised, and development accelerated to reach the European Commission’s 55% emissions reduction target by 2030. The adoption of new European sustainable finance is an opportunity to boost clean energy projects, such as geothermal ones. The Life Cycle Assessment methodology developed within the Horizon 2020 GEOENVI project can support the assessment of the environmental performance of geothermal projects, demonstrating their sustainability.

This event gave an overview of some GEOENVI case studies where Life Cycle Assessment has been applied. Also it was discussed, how the sustainable finance legislation can unlock investment in the geothermal sector.

AGENDA

• Introduction – Philippe Dumas, Secretary General of EGEC and GEOENVI project coordinator

Session 1: LCA and Sustainable finance

Moderator: Philippe Dumas

• Presentation on financing geothermal projects – Laurie-Anne Michnick, European Investment Bank
• GEOENVI simplified LCA tool: Mélanie Douziech, Armines
• Case Study of LCA application in Italy: Sara Montomoli, ENEL Green Power
• GEOENVI Recommendations on implementing LCA – Thomas Garabetian, EGEC

Session2: Round Table > How sustainable finance can unlock investments in the geothermal sector

Moderator: Thomas Garabetian, speakers from the 1st session are also welcome to participate

• Paul Bonnetblanc, Ministry for the ecological transition, France
• Eva Hoos, Policy Officer, DG Energy, European Commission

Q&A session with the audience

Watch the recording of the GEOENVI webinar here: