Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE

تحت رعاية صاحب السمو الشيخ محمد بن زايد آل نهيان، رئيس دولة الإمارات العربية المتحدة

Supported by

Vaibhav Dua

Partner, Strategy and Industrials & Energy

EY-Parthenon

Vaibhav
Vaibhav

Vaibhav has 14+ years of management consulting experience across Middle East, Asia, Europe and North America on Strategy, Sustainability and Operations transformation topics. Vaibhav specializes in Energy and Industrials and was leading the Sustainability practice for a leading Consulting firm in Southeast Asia. Vaibhav holds a Master's in Business Management from Indian Institute of Management, Ahmedabad and Bachelor’s in Computer Engineering from Delhi University, India.

Session Overview
Thursday, 6 November
13:40
Decarbonisation ICC Hall B 13:40 - 14:00
The role of geothermal energy in enhancing security and decarbonising the global energy mix

As a reliable, constant and clean source of power, geothermal energy offers a sustainable path to enhancing energy security and achieving decarbonisation. It provides baseload electricity generation, reducing dependence on intermittent renewable sources and fossil fuels, thereby bolstering grid stability and energy independence. Recent advancements in enhanced geothermal systems (EGSs) have broadened the viable geographical range of this power source. The International Energy Agency (IEA) projects that innovations in drilling technologies could render geothermal energy cost-competitive within a decade, potentially supplying up to 8% of global electricity by 2050. However, challenges such as high initial costs, regulatory complexities and public concerns about induced seismicity will need to be overcome in order for this power source to reach its full potential. Addressing these issues through technological innovation, supportive policies and public education will clear the way for geothermal energy to contribute to a secure, low-carbon future.  

Attendee insights:

Explore how strategic investments in geothermal energy, coupled with technical innovations and public education initiatives, can enhance energy security and help decarbonise the global energy mix.

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