Published May 18, 2017 | Version v1
Journal article Open

Towards geological-economic modelling to improve evaluating policy instruments for geothermal energy - Case study for Belgium (Campine Basin)

  • 1. Royal Belgian Institute of Natural Sciences, Geological Survey of Belgium
  • 2. Hasselt University, Faculty of Business Economics, Centre for Environmental Sciences; University of Antwerp, Department of Engineering Management
  • 3. Hasselt University, Faculty of Business Economics, Centre for Environmental Sciences
  • 4. Royal Belgian Institute of Natural Sciences, Geological Survey of Belgium; University of Antwerp, Department of Economics; Hasselt University, Faculty of Business Economics, Centre for Environmental Sciences

Description

Deep geothermal energy appears to be currently on the edge of a take-off in Belgium. However, the actual emergence of this technology is subject to developments in legislation and incentives from regional governments. Different risk/return expectations across stages of the investment continuum exist and the financial structures that are employed at each stage may require different types of public support. In this context, the ALPI project aims at developing a geological-economic model to calculate the impact of different policy instruments on development of the Belgian geothermal energy sector. Due to the lack of underground information describing the Campine Basin, economic methods are used to deal with these large geological uncertainties.

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