| Title | Risk Sharing Mechanism (RSM) Program in Türkiye: Methodology and Lessons Learned |
|---|---|
| Authors | Fatih Saltuk, Hilal Kivanc Ates, Mehtap Altug |
| Year | 2023 |
| Conference | World Geothermal Congress |
| Keywords | Risk Sharing Mechanism, Finance of the Geothermal Energy, Geothermal Energy Risk Mitigation |
| Abstract | The Risk Sharing Mechanism (RSM) program which is a risk mitigation scheme for the early-stage geothermal resources in Türkiye, is implemented as an insurance program. Owing to this program, it is aimed to reveal the geothermal fields in Türkiye potential of which has not been discovered yet. The RSM program funded by the World Bank and the Clean Technology Fund (CTF) under the Türkiye Geothermal Development Project. The Engineering Department of Development and Investment Bank of Türkiye (the Bank) is responsible for the coordination of this fund. The program was implemented for the first time in Türkiye in 2016. This paper investigates the main features of the RSM program, the progress of the program that has been realized since 2016, the point and development of the program are revealed within the framework of the experiences gained over time and the lessons learned. |