PH should improve geothermal competitiveness

DESPITE some progress in developing policies to attract more investment in geothermal energy, the Philippines is still wasting the opportunity to take advantage of its vast resources, a number of recent assessments of the energy sector have concluded.

Geothermal energy is a renewable form of energy that uses steam extracted from natural underground reservoirs to drive turbines that produce electricity. Although geothermal poses some technical challenges, if properly designed and managed, it is a practically infinite source of energy, one that produces no emissions and has only minor environmental impacts otherwise.