Long-Term Optimization of Egypt's Power Sector: Policy Implications

This paper presents an evaluation of energy supply strategies for Egypt’s power sector and identifies prospects to meet rising electricity demand while addressing energy security and low-carbon development issues. We apply the TIMES energy system model to examine Egypt’s energy policy goals as reflected in Egypt’s Vision 2030, and specifically: (a) targeted power generation based on renewable energy under two different scenarios; (b) targeted carbon dioxide (CO2) emissions’ mitigation toward low-carbon society development; and (c) constraints on natural gas production for power generation. The quantitative results from the model suggest a need for diversification from predominantly natural gas to a mix of renewable and conventional energy sources in order to improve energy security, reduce dependency on fossil fuels, and reduce carbon dioxide emissions, with the level of diversification changing with different policy options. Although total energy system cost is projected to increase the effects on fossil-fuel dependency, diversity of energy supply-mix, marginal electricity generation price, and GHG mitigation indicate that it may be wise to target promotion of renewable energy for power generation and develop a low-carbon society

Examining factors influencing Jordanian customers’ intentions and adoption of internet banking: Extending UTAUT2 with risk

YesThe key objective of this study is to propose and examine a conceptual model that best explains the key factors influencing Jordanian customers’ intentions and adoption of Internet banking. The conceptual model proposed was based on the extended Unified Theory of Acceptance and Use of Technology (UTAUT2). This was further extended by adding perceived risk as an external factor. Structural equation modelling (SEM) was conducted to analyse the data collected from the field survey questionnaires administered to a convenience sample of Jordanian banking customers. The results show that behavioural intention is significantly influenced by performance expectancy, effort expectancy, hedonic motivation, price value and perceived risk; however, social influence does not have a significant impact on behavioural intention. This study offers Jordanian banks some guidelines for designing and marketing such channel in order to enhance their acceptance by their customers

Biofuels and land-use changes: searching for the top model

The use of agricultural-based biofuels has expanded. Discussions on how to assess green house gas (GHG) emissions from biofuel policies, specifically on (non-observed) land-use change (LUC) effects involve two main topics: (i) the limitations on the existing methodologies, and (ii) how to isolate the effects of biofuels. This paper discusses the main methodologies currently used by policy-makers to take decisions on how to quantify LUCs owing to biofuel production expansion. It is our opinion that the concerns regarding GHG emissions associated with LUCs should focus on the agricultural sector as a whole rather than concentrating on biofuel production. Actually, there are several limitations of economic models and deterministic methodologies for simulating and explaining LUCs resulting from the expansion of the agricultural sector. However, it is equally true that there are avenues of possibilities to improve models and make them more accurate and precise in order to be used for policy-making. Models available need several improvements to reach perfection. Any top model requires a concentration of interdisciplinary designers in order to replicate empirical evidence and capture correctly the agricultural sector dynamics for different countries and regions. Forgetting those limitations means that models will be used for the wrong purposes

Can biofuels be a solution to climate change? The implications of land use change-related emissions for policy

Biofuels have gained increasing attention as an alternative to fossil fuels for several reasons, one of which is their potential to reduce the greenhouse gas (GHG) emissions from the transportation sector. Recent studies have questioned the validity of claims about the potential of biofuels to reduce GHG emissions relative to the liquid fossil fuels they are replacing when emissions owing to direct (DLUC) and indirect land use changes (ILUC) that accompany biofuels are included in the life cycle GHG intensity of biofuels. Studies estimate that the GHG emissions released from ILUC could more than offset the direct GHG savings by producing biofuels and replacing liquid fossil fuels and create a ‘carbon debt’ with a long payback period. The estimates of this payback period, however, vary widely across biofuels from different feedstocks and even for a single biofuel across different modelling assumptions. In the case of corn ethanol, this payback period is found to range from 15 to 200 years. We discuss the challenges in estimating the ILUC effect of a biofuel and differences across biofuels, and its sensitivity to the assumptions and policy scenarios considered by different economic models. We also discuss the implications of ILUC for designing policies that promote biofuels and seek to reduce GHG emissions. In a first-best setting, a global carbon tax is needed to set both DLUC and ILUC emissions to their optimal levels. However, it is unclear whether unilateral GHG mitigation policies, even if they penalize the ILUC-related emissions, would increase social welfare and lead to optimal emission levels. In the absence of a global carbon tax, incentivizing sustainable land use practices through certification standards, government regulations and market-based pressures may be a viable option for reducing ILUC

International Policies on Bioenergy and Biofuels

This chapter provides an overview of international biofuel polices and their main impacts on food prices and land use. Global biofuel production has experienced a rapid growth by increasing from almost a zero level in 1970 to 29 billion gallons in 2011; the United States, the European Union, and Brazil account for around 90 % of the global biofuel production. Biofuel policies are widely implemented in most developed and many developing countries. Most commonly used biofuel policy instruments are biofuel mandates and consumption subsidies (tax credit and tax exemptions). These policies determine biofuel prices, depending on which instrument is binding. Biofuels may also have unintended effects on other markets. In particular, interlinkages between biofuel and agricultural productions lead to food price responses and land use adjustments

Consumer adoption of Internet banking in Jordan: examining the role of hedonic motivation, habit, self-efficacy and trust

YesDespite the rapid growth of Internet banking (IB), customers in developing countries still hesitate to adopt this technology and its use in the Middle East remains low. This study aims to identify and examine the factors that predict behavioural intention and adoption of IB in Jordan. Four factors – hedonic motivation, habit, self-efficacy and trust – are proposed in a conceptual model. Data was collected by means of a survey with bank customers in Jordan. Structural equation modelling (SEM) was used to analyse the data. The results strongly supported the conceptual model. Further, hedonic motivation, habit, self-efficacy and trust were all confirmed to have a significant influence on behavioural intention. Trust was found to be strongly predicted by both hedonic motivation and self-efficacy. This study provides both academics and practitioners with an insight into the factors that can be used to encourage customer adoption of IB specifically in a Middle East context