Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Tuscany Geysers That Inspired Dante’s ‘Inferno’ Can Fix Europe’s Energy Bind
Posted
August 22, 2023
Views
537
Likes
7
Comments
3
Engagement
August 22, 2023
537
7
3
1.86%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
1:24Now PlayingThe steam and geysers rising from the valleys of Tuscany inspired Dante Alighieri’s vision of hell in The Divine Comedy. Centuries later, they’re providing Italy with an inexhaustible supply of renewable energy.
Larderello is home to the world’s oldest geothermal power site, where Enel Green Power turns heat released by the Earth’s core into electricity. The facility started powering light bulbs in 1904 and now the whole site generates more than 5% of the nation’s clean power production.
The same could be done in countries across Europe, which thirsts for green energy to uncouple itself from fossil fuels and become climate-neutral by 2050. The US government posits that geothermal could meet global energy demand twice over, and BloombergNEF calls it a “possible game changer” in the business of renewable power.
Even with all that, the technology is underfunded and marginalized in the European Union’s blueprint for addressing global warming. While the bloc pours billions of euros into wind, solar and hydrogen, it commits just a fraction of that to exploit underground reservoirs of hot water for power and heat — something even the Roman Empire did.
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
