The geopolitical case for geothermal as a domestic energy resource

Geothermal can play an important role in helping countries solve the energy trilemma by serving as a domestic source of dispatchable, lower-carbon power. However, high drilling costs and early-stage resource uncertainty continue to constrain investment. Risk-sharing mechanisms, streamlined permitting, and revenue frameworks that recognize geothermal’s value could pave the way for private capital and position the resource to play a much larger role in the global energy transition by complementing natural gas, nuclear, renewables, and energy storage.