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There is high potential for the use of geothermal energy to generate heat and power in the Northwest Territories. At the request of the Government of the Northwest Territories, the Pembina Institute compared regulatory regimes for geothermal energy from a number of countries. This report contains the results of the review and documents the key policy issues associated with geothermal energy development. The report also makes recommendations for advancing geothermal energy in the Northwest Territories.