The French Geothermal Risk Guarantee System
- Location
- France
- Conference
- GeoFund Workshop
- Year
- 2008
- Language
- English
Full text
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Abstract
The French guarantee system is a financing system used to cover geological risks. It is based on two complementary mechanisms: 1. A short-term procedure based on the socialisation of risks which guarantees the result of the first well drilled. 2. A long-term procedure which begin at the starting-up of the facilities and guarantees the sustainability of the resource and the risk of total or partial depletion during 15 years of operation.
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