Search Climate Insights Directory
1 result
Dubrovnik Geothermal Declaration Establishing Geothermal as a Strategic Three Seas Energy Asset
The Dubrovnik Geothermal Declaration, endorsed on 28 April 2026, positions geothermal energy as a strategic asset for the Three Seas Initiative (TSI) region. The signatories commit to doubling geothermal investments by 2030 relative to 2025 baselines and establishing a 'TSI Next 10 GEO' priority pipeline for commissioning between 2032 and 2035. The declaration calls for the creation of a TSI Geothermal Exploration Risk Facility by 2027 and the development of a flagship geothermal pilot by 2029. To support these goals, the document advocates for regulatory harmonization, including fast-track licensing based on Croatia's model and the removal of preferential treatment for fossil gas and unsustainable biomass. It also proposes the 'Geoterm Carpatia' corridor to integrate geothermal energy into regional energy highways linking TEN-E and TEN-T nodes.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Statement