Valuing uses of the Waikato regional geothermal resource

Report: TR 2011/15

Author: S Barns and K Luketina

Abstract

Geothermal resources are a valuable asset to the Waikato region. They contribute to the regional economy through tourism, electricity generation and ecosystem services such as the provision of genetic resources and cultural values, particularly those of
tangata whenua.

The purpose of this report is to estimate the annual value of geothermal resources to the Waikato region. This has been described quantitatively where information exists to do so and qualitatively where such information is not
currently available.

A survey was conducted between April 2011 and June 2011, and multiplier analysis was used to estimate the value of geothermal resources to the Waikato region. The survey and analysis investigated:

• the numbers of visitors from domestic and international sources visiting
  geothermal attractions in the Waikato region
• the numbers of staff employed in tourism and direct heat facilities in the
  Waikato region
• the value of geothermal tourism to the Waikato region
• the value of geothermal generation to the Waikato region
• the amount of geothermal energy used in commercial and domestic direct heat applications (i.e. non-electricity) in the Waikato region.

The quantitative analysis of the contribution of geothermal resources to the regional economy through tourism and generation, and the qualitative description of direct uses and other ecosystem services will provide policy makers with a framework for
considering the impact of decisions on the many benefits provided by the geothermal resources of the Waikato region.