Hot Rocks For Energy
Posted by Srikant Rajan | # |
12:07:32 pm on August 22, 2008

An Australian Geothermal Energy Association predicts a potential output of 2200MW of power by 2020 from geothermal energy. Geoscience Australia has further mapped Australian geothermal energy using data from decades of drilling and exploration.Says Anthony Budd of Geoscience “  One percent of reserves would produce 26,000 years of energy supplies  “

Australia is worlds leading coal exporter and nearly 77 % of its electricity requirement is obtained by coal based power. 2200 MW is nearly 40 % of Australian renewable energy target of 2020 .No doubt the investment required for tapping geothermal reserves would be significant .However this investment makes sense as it would achieve the twin requirements of providing energy sufficiency for Australia in addition of addressing the challenge of climate change and global warming .

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