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Unlocking Geothermal Energy Financial Risksand Community Pushback Slow Progress

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. l-risksand-community-pushback-slow-progress.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Indonesia and the Philippines push geothermal expansion, tackling high costs, community concerns, and policy hurdles to boost clean power

The article from the Jakarta Globe discusses the challenges facing the development of geothermal energy in Indonesia, despite its vast potential. Key issues include financial risks due to the high initial investment required for exploration and drilling, which often deters investors. Additionally, there is significant community pushback, particularly from indigenous groups, who are concerned about environmental impacts and land rights. These communities often demand better compensation and more inclusive decision-making processes. The government and energy companies are attempting to address these concerns through regulatory adjustments, community engagement, and financial incentives, but progress remains slow. The article highlights the need for a balanced approach that considers both economic viability and social equity to unlock Indonesia's geothermal potential effectively.

Read the Full Jakarta Globe Article at:
[ https://jakartaglobe.id/business/unlocking-geothermal-energy-financial-risks-and-community-pushback-slow-progress ]