The global use of renewable energy has grown substantially over the past decade, driven by increasing awareness of the effects of climate change and the urgency of cutting emissions of greenhouse gas by minimising the use of fossil fuels.

Geothermal energy – a clean and reliable source of heat and electricity – will play a critical role in the sustainable and clean energy transition alongside other renewable energy sources.

This 2023 edition of global assessment of IGA-IRENA provides an overview of developments in the geothermal sector and the factors that are likely to shape the market in the near future.

It provides recommendations to guide policy makers, governments and industry, potential investors, development partners and public and private sector stakeholders on how to promote growth of the geothermal market, exploit the potential of geothermal energy and further expand geothermal’s integration within global energy systems.

The report also reviews the status of geothermal technologies, with reference to new technological approaches and developments that have the potential to scale up the use of geothermal energy.

Various markets were analysed to establish the place of geothermal in the global energy mix.

Download "IRENA and IGA (2023), Global geothermal market and technology assessment, International Renewable Energy Agency, Abu Dhabi; International Geothermal Association, The Hague" on IRENA website