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Recommendations Define geothermal resource ownership • The ownership of the geothermal energy resources in the NWT needs to be clarified. For geothermal development on unsettled lands, the issue of ownership of subsurface rights should be clarified before issuing tenure. Establish a process for geothermal tenure issuance and permitting • A system for issuing tenure and licensing of exploration should be defined. A process for acquiring geothermal energy rights, either by application or bidding, should be developed. Guidelines should be developed that identify the resource owner, leasing rules, and the application process including work commitments, technical inputs, and financial and reporting requirements. Similarly, a plain language version should be developed for stakeholders to outline the regulations for geothermal energy exploration and development. • The permitting process for geothermal energy should have clear deadlines for both the companies and regulators. • Governments should look for opportunities to build the knowledge of regulators on geothermal energy through training. While some components of the geothermal energy industry are similar to mining and oil and gas, many aspects are unique. • Geothermal energy opportunities should be considered as part of land use planning and community energy planning in the NWT. A strategic assessment of geothermal energy opportunities could be conducted to identify the areas that could be open for geothermal energy development, to supply energy for communities or for export. Set appropriate fees and royalties • Until geothermal projects are producing at an economic rate, low or no royalties should be charged. This can be accomplished by royalty holidays, deducting expenses, or by applying royalties based on output. Once production is profitable, royalties may be charged, although the rates should still remain lower than rates for other more profitable, and non-renewable, resource developments. Invest in geoscience data and programs • Governments can contribute to geothermal energy development by acquiring and managing geoscience data on the location and quality of geothermal energy resources. This will help a fledgling industry identify the best opportunities for geothermal energy development. Evaluate the fiscal incentive policies needed to advance geothermal energy • A wide range of fiscal incentives can be put in place to encourage geothermal energy development at the federal or territorial level. It is outside the scope of the report to assess which of these options are the most appropriate for the NWT. Further research is needed on this to identify the suite of fiscal tools that would be more appropriate and effective given the resource, population and government priorities in the NWT. 5.1 Next steps Reviewing the experience of other jurisdictions with respect to geothermal policy is an important and useful first step in moving forward with developing a regulatory framework for geothermal The Pembina Institute 49 Building a regulatory framework for geothermal development in the NWTPDF Image | geothermal energy development in the NWT
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