A team of Dunedin scientists is keen to drill two 500m-deep exploration wells into the 11 million-year-old Dunedin Volcano in a hunt for crucial geothermal energy.
Dr Mike Palin, of the University of Otago geology department, said significant amounts of carbon-based fuels were burned in New Zealand and elsewhere to generate heat for buildings and manufacturing.
He and several other geologist department colleagues were asking if residual heat from extinct volcanoes could be harnessed as a geothermal energy resource, "thereby reducing carbon-based fuel consumption and consequent greenhouse gas emissions".
The scientists hope to drill beneath the veneer of sedimentary rock to monitor any residual heat from the now solidified magma chamber that lies beneath, from the area's volcanic past.
If testing proves positive, heat could be captured by pumping water underground in a loop and bringing it back heated.