Munich Re and Germany's KfW Development Bank just rolled out something interesting—a state-backed insurance program designed to absorb the financial hit when geothermal drilling goes sideways. The whole point is getting more players comfortable with exploring geothermal energy, basically removing one of the biggest barriers to entry: the drilling risk. It's a classic policy move to derisk innovation. When you think about it, this approach mirrors how emerging markets in crypto tackle adoption—lower the financial friction, expand the participant base. Whether it's geothermal exploration or blockchain infrastructure, the pattern's the same: de-risk first, scale later. Worth watching how this shapes the renewable energy landscape in Europe.