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

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 th...

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Main Authors: Ismail Mohamed, Kadra, Kassim, Salina
Format: Article
Language:English
Published: Academia Industry Network 2024
Subjects:
HG Finance
HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
Online Access:http://irep.iium.edu.my/116835/7/116835_Challenges%20of%20geothermal.pdf
http://irep.iium.edu.my/116835/
https://myjms.mohe.gov.my/index.php/ijssr
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spelling my.iium.irep.1168352024-12-19T03:35:56Z http://irep.iium.edu.my/116835/ Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects Ismail Mohamed, Kadra Kassim, Salina HG Finance HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam 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. Academia Industry Network 2024-09-26 Article PeerReviewed application/pdf en http://irep.iium.edu.my/116835/7/116835_Challenges%20of%20geothermal.pdf 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 https://myjms.mohe.gov.my/index.php/ijssr
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG Finance
HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
spellingShingle HG Finance
HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
Ismail Mohamed, Kadra
Kassim, Salina
Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects
description 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.
format Article
author Ismail Mohamed, Kadra
Kassim, Salina
author_facet Ismail Mohamed, Kadra
Kassim, Salina
author_sort Ismail Mohamed, Kadra
title Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects
title_short Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects
title_full Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects
title_fullStr Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects
title_full_unstemmed Challenges of geothermal energy development in East Afican countries: case of Djibouti geothermal projects
title_sort challenges of geothermal energy development in east afican countries: case of djibouti geothermal projects
publisher Academia Industry Network
publishDate 2024
url http://irep.iium.edu.my/116835/7/116835_Challenges%20of%20geothermal.pdf
http://irep.iium.edu.my/116835/
https://myjms.mohe.gov.my/index.php/ijssr
_version_ 1819909403409645568
score 13.223943

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