The negative effects of climate change on the earth are becoming ever more visible in ways we have not experienced before. This is why it is important that governments and the general public respond to climate change by saving energy, recycling, pushing for more renewables and more funding for R&D in the energy and transportation sectors. Geysir wants to take part in solving the climate crisis by developing geothermal power plants to replace polluting fossil fuel plants.
GEOTHERMAL PLANT VS. COAL PLANT
- A coal plant emits 11.000 times more SO2 per MWh than a geothermal plant
REDUCING EMISSIONS IN CHINA AND ICELAND
Geysir's joint venture geothermal operation in Xianyang city in China is having a positive impact on the local community by reducing air pollution. The five geothermal heating stations in the city are displacing coal burning facilities for space heating. The operation offsets over more than 100.000 tons of fossil fuel carbon emissions every year, equivalent to the emissions from 33.000 cars or planting of over one million trees every year.
HS' operations in Iceland generate energy for homes and industries. If these households would use oil for heating, each household would require 4700 liters (1240 gallons) of oil a year for heating. This burning of oil would release 12.600 kg of greenhouse gases to the atmosphere from each home.
EFFECTS OF CDM ON GEOTHERMAL DEVELOPMENT
The Clean Development Mechanism (CDM) established under the guiding principles of the Kyoto Protocol has encouraged organizations in developed nations to fund geothermal projects in developing nations. The CDM can in that way promote and/or accelerate the development of geothermal energy utilization in developing countries. As a result CDM is becoming a very powerful incentive for geothermal project development.