LAPSE:2023.3547
Published Article
LAPSE:2023.3547
A Decision Support Tool for Social Engagement, Alternative Financing and Risk Mitigation of Geothermal Energy Projects
Anastasia Ioannou, Gioia Falcone, Christina Baisch, Georgie Friederichs, Jan Hildebrand
February 22, 2023
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
alternative financing, decision tree, geothermal energy, risk mitigation, social engagement
Suggested Citation
Ioannou A, Falcone G, Baisch C, Friederichs G, Hildebrand J. A Decision Support Tool for Social Engagement, Alternative Financing and Risk Mitigation of Geothermal Energy Projects. (2023). LAPSE:2023.3547
Author Affiliations
Ioannou A: James Watt School of Engineering, University of Glasgow, Glasgow G12 8QQ, UK [ORCID]
Falcone G: James Watt School of Engineering, University of Glasgow, Glasgow G12 8QQ, UK
Baisch C: Vulcan Energy Subsurface Solutions GmbH, 76227 Karlsruhe, Germany
Friederichs G: CrowdfundingHub BV, 1064 NW Amsterdam, The Netherlands
Hildebrand J: Institute for Future Energy and Material Flow Systems, 66115 Saarbrücken, Germany [ORCID]
Journal Name
Energies
Volume
16
Issue
3
First Page
1280
Year
2023
Publication Date
2023-01-25
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en16031280, Publication Type: Journal Article
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LAPSE:2023.3547
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https://doi.org/10.3390/en16031280
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