| Title | GEOTHERMAL ECONOMIC DEVELOPMENT IN NEW ZEALAND – USING A “KISSING FROGS” APPROACH |
|---|---|
| Authors | M.Climo1, A.Blair2, M.Frohlke3, W.Samuels |
| Year | 2017 |
| Conference | New Zealand Geothermal Workshop |
| Keywords | New Zealand; regional economic development; sales channels; foreign direct investment; geothermal direct use; wood processing |
| Abstract | New Zealand’s approach to economic development aims to boost regional prosperity by capitalising on local assets and added-value. Geothermal resources offer a local competitive advantage and direct use of geothermal energy has an important part to play in our energy future. This paper demonstrates a “Kissing Frogs” approach to the growth and attraction of foreign direct investment. As per the fairy tale, the analogy is that some frogs will turn into princes. This approach selects and rapidly tests potential options; pursuing limited strong probabilities rather than chasing many low-moderate possibilities. This approach aims to partner with sales channels to accelerate access to market, rather than focussing on investors. Learnings are shared from the development of an industrial-scale wood processing project from Taupō, New Zealand. |