France aims to give geothermal energy projects a boost
At the same time, the European country intends to bring back its local copper mining efforts France is taking steps to bring back its copper mining industry while boosting geothermal energy and lithium projects to support the country’s efforts to wean itself off its dependency on electricity and fuel imports while moving closer to its climate targets. This type of strategy is becoming increasingly common among European countries Renewable power sources such as geothermal energy have been taking an increasingly large place in the spotlight as countries aim to slash their greenhouse gas emissio…
At the same time, the European country intends to bring back its local copper mining efforts
France is taking steps to bring back its copper mining industry while boosting geothermal energy and lithium projects to support the country’s efforts to wean itself off its dependency on electricity and fuel imports while moving closer to its climate targets.This type of strategy is becoming increasingly common among European countries
Renewable power sources such as geothermal energy have been taking an increasingly large place in the spotlight as countries aim to slash their greenhouse gas emissions without sacrificing their capacity to meet demand. At the same time that this is important to meeting climate goals, it is also being viewed as an issue of national security. Geopolitical tensions worldwide and resource competition are driving countries to become more self-sufficient in critical areas. Among the measures France intends to put into place includes cutting the time in half for obtaining geothermal energy research permits, as well as those for carbon dioxide storage and for mining. This was formally announced by the country’s Finance Minister Bruno Le Maire.“Let’s use France’s strengths” with geothermal energy
Le Maire made the announcement as part of a speech he recently gave in front of a geothermal drilling rig in a suburb of the country’s capital city. The draft legislation also allows carbon storage to take place in depleted gas and oil wells.
“Let’s use France’s strengths,” said the finance minister, indicating the renewable energy stored beneath the ground and that is expected to provide heat for about 10,000 households. “We’ve got wind, hydro, biomass, solar energy, as well as resources in our soil that we must quicky use,” he added.