Serbia has great potential, yet extremely low application of geothermal resource utilization, particularly in the exploitation of geothermal wastewater. The estimated power of all operational geothermal phenomena and facilities (wells) in Serbia is about 370 MW, of which only about 80 MW is currently being utilized.

Europe has set very high targets regarding the application of renewable energy sources, along with the obligation to reduce harmful gas emissions, for which geothermal energy is the most suitable. Therefore, several European countries have made the use of geothermal energy for heating newly constructed buildings a legal obligation, which is unique among renewable energy sources. With Serbia's accession to the European Union, we also face obligations regarding the more widespread use of renewable energy sources and the reduction of harmful gas emissions, both due to the energy efficiency requirements and the implementation of the "green" policy, as well as the economic profitability of conducting such projects.

This report was prepared with the financial support of the Government of Switzerland within the project "EU for Green Agenda in Serbia". This project, with the technical and financial support of the European Union and in partnership with the Ministry of Environmental Protection, is implemented by UNDP in cooperation with Sweden and the European Investment Bank (EIB), with additional funding provided by the governments of Sweden, Switzerland and Serbia.