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Developing nations need Sh13 trillion geothermal investment by 2030

Kenya and Turkey have exceeded forecasts for harnessing geothermal energy, but other developing countries, including Indonesia and the Philippines, are lagging behind on leveraging the renewable power source, a new analysis shows.

If developing nations are to carry out the planned expansion of geothermal energy capacity, $133 billion (Sh13.7 trillion) needs to be invested in the sector by 2030, the Climate Policy Initiative (CPI) research group reported on Wednesday.

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