Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Arguments for a Community Based Approach to the Geothermal Energy Development

Version 1 : Received: 21 March 2024 / Approved: 21 March 2024 / Online: 21 March 2024 (15:00:04 CET)

How to cite: Kurek, K.A.; Strojny, J.; Ophem, J.V. Arguments for a Community Based Approach to the Geothermal Energy Development. Preprints 2024, 2024031318. https://doi.org/10.20944/preprints202403.1318.v1 Kurek, K.A.; Strojny, J.; Ophem, J.V. Arguments for a Community Based Approach to the Geothermal Energy Development. Preprints 2024, 2024031318. https://doi.org/10.20944/preprints202403.1318.v1

Abstract

This paper investigates the theoretical foundation for developing renewable geothermal resources locally. For this reason, we pay attention to the role of communities in geothermal development. This study presents arguments for a framework that approaches the geothermal resources as an endogenous factor of community development. To analyse it, we create a model that explains the local economic characters of the geothermal exploitation beyond its geological conditions. It aims to conceptualise a community based geothermal development standard referring to the endogeneity principle. Geothermal energy is given attention since the characteristics of this resource determine its use locally. We argue that the role of communities in geothermal exploitation is pivotal in the process of green growth for further expansion of geothermal energy use.

Keywords

geothermal energy; endogenous growth; green transition; energy based local economic system; geothermal community

Subject

Business, Economics and Management, Other

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