Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects

Ismail Mohamed, Kadra and Kassim, Salina (2024) Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects. International Journal of Social Science Research, 6 (2). pp. 1-13. E-ISSN 2710-6276

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Abstract

Geothermal energy development presents a promising opportunity for East African countries to address their growing energy needs while contributing to sustainable development. However, despite the region's abundant geothermal resources, several challenges hinder the successful exploitation of this potential. This study qualitatively assesses the challenges faced in geothermal energy development in East African countries, with a particular emphasis on Djibouti’s geothermal projects. Key challenges identified include the high upfront investment required for exploration and drilling, coupled with limited access to financing options, which are exacerbated by the region's nascent regulatory and policy frameworks. By analyzing Djibouti’s experience, this research underscores the need for comprehensive strategies that involve supportive policies, capacity building, international collaboration as well leveraging Islamic financial instrument to overcome these barriers. The findings offer valuable insights for policymakers, developers, and stakeholders aiming to unlock the potential of geothermal energy in Djibouti and the broader East African region, contributing to the region’s energy security and economic development.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Potentials, Challenges, Geothermal, Djibouti, Socio-Economic
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HJ Public Finance > HJ1438 Public Finance In Islam
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Prof. Dr. Salina Kassim
Date Deposited:	19 Dec 2024 11:35
Last Modified:	19 Dec 2024 11:35
URI:	http://irep.iium.edu.my/id/eprint/116835

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