Future prospects of the renewable energy sector in libya

This study investigates the options available to the energy sector in Libyan, particularly in relation to the potential of using renewable energy as one of the main sources for the country. Libyan government has set a target for renewable energy resources sharing with current energy sources to reach 30% by the year 2030 which mainly includes wind energy, Concentrating Solar Power (CSP), Photovoltaic (PV) and Solar Water Heating (SWH). The argument here is not whether this can be completed or not within the stipulated time. But the main objective is achieving a sustainable economic growth through a clean energy system and for the energy supply to maintain meeting the growing energy demand. The aim of this paper is to illustrate the current energy supply and future demands in Libya. This paper integrates data from literature review, field visits and interviews with Libyan energy experts to paint a comprehensive picture in relation to energy demand and consumption. The findings which have emerged from the analysis of this data reflect energy challenges and opportunities in Libya. Furthermore, securing alternative resources of energy and income are becoming critically important for Libya and other countries within the Middle East and North Africa region (MENA) if they wish to maintain the same standard of living for future generations and reduce pollution, fossil fuel local consumption and carbon emission

A nonparametric analysis of the Greek renewable energy sector

This paper applies a bootstrapped Data Envelopment Analysis (DEA) formulation aiming to evaluate the financial performance of the firms operating in the Greek renewable energy sector. With the use of financial ratios in a DEA setting, efficiency ratios are constructed in order to analyse firms’ financial performance. The results reveal that firms’ performances are positively influenced by the high levels of return on assets and equity and by lower levels of debt to equity. In addition it appears that there are not significant differences of firms’ efficiency levels indicating high competitiveness between firms. Finally, firms producing wind energy appear to perform better than firms producing hydropower energy. It emerges that the majority of firms are operating in the wind and hydropower energy production making the Greek market of solar energy production being an emerging segment of the Greek renewable energy sector.Renewable energy market; Data Envelopment Analysis; Financial ratios; Greece

THE IMPACT ON CLIMATE AND ENVIRONMENT CHANGE –RENEWABLE ENERGY SECTOR

Most of the people have an idea of what renewable energy sources are and what they can offer us. The majority of people are also very aware of the impact that non-renewable energy is having on the environment. The adage reduce, reuse, recycle is commonly recited today by adults and children alike. We have started to see an increase in the reduction of waste and consumption of energy and the recycling and reuse of products we use. It is time to see an increase, however, in the use of renewable energy.environment; climate change; renewable energy; non-renewable energy; recycling; alternative energy sources

North-east renewable energy sector survey 2011.

The aim of this survey is to discover how businesses view renewable energy in the region, as well as the potential role that this region can play in delivering the targets and objectives of both the UK and Scottish governments toward renewable energy. The report assesses current profitability and performance on key indicators, concerns about future growth factors such as funding, skills and policy, and an overall estimation of optimism for the industrys current and future growth. Our conclusion is that this region is well placed to drive growth of the renewable energy sector in the UK. The level of optimism and confidence within the sector can be described as better than good and certainly presents a strong case for the regions aspirations to play a significant role in growing renewable energy both within the UK and in the European Economic Area. However, to maintain current impetus and achieve the potential growth, the region must work collectively toward this goal. The message is clear. Renewable energy is an important business and developmental opportunity. Building upon its oil and gas heritage, Aberdeen City and Shire is well placed to deliver this opportunity in the form of jobs, sustainable growth, and business profitability. This will not only benefit the region, but will also impact on the prospects of renewable energy for Scotland, the UK and indeed the rest of Europe

Governance of the clean energy sector in Kazakhstan:impediments to investment

This paper aims to identify the impediments to the development of the renewable energy sector in Kazakhstan through the lens of governance by drawing on the definition of governance as the execution of policy. The paper investigates the execution of the nation’s policy on renewables by looking into the investment process, and provides an assessment of governance quality based on the interplay between state capacity and bureaucratic autonomy.Critical impediments to investment in renewables include the multiplicity of provisions and agencies involved; the unstructured and ineffectual relations between renewable energy producers and operators; the ineffectual governance structures and mechanisms; the inconsistent development of the legal and regulatory framework; and the uncertainty regarding the resolution of legal disputes. Assessment of each of these indicates a very high degree of bureaucratic autonomy and limited state capacity, which, complemented by continuous dominance of the oil and gas sector, significantly impedes the government’s attempts to expand the renewable energy sector. As reliance on oil and oil revenue continues, in the long term the nation’s energy security is jeopardised. The paper contributes to knowledge by enhancing the understanding of governance of the renewables sector and providing insights into ways to facilitate investment

Massachusetts’ Clean Energy Cluster

The renewable energy industry in Massachusetts is identified through a “topdown” and “bottom-up” processes to determine the total employment and boundaries of this sector. Related sectors are also identified that are linked to the core renewable energy sector in the state and policies for enhancing this cluster are suggested.Massachusetts, Energy, Cluster

The economy development outlook of renewable energy sector

Today the renewable energy sector continues to be one of the most an attractive market for public and private investors. According to the Renewables global future report [1] world gets about 17–18% of its energy from renewables, including about 9% from “traditional biomass” and about 8% from “modern renewables.” In 2011, about 30 countries were getting 20% or more of their total energy from renewables, and some as high as 50%. Countries in this category include Austria, Brazil, Chile, Denmark, Finland, Iceland, New Zealand, Norway, Peru, the Philippines, Portugal, Romania, Sweden, Uganda, and Uruguay. The share of energy from renewable sources in gross final consumption of energy reached 15.0% in the European Union (EU), compared with 8.3% in 2004, the first year for which the data is available (Table 1)

The economy development outlook of renewable energy sector

Today the renewable energy sector continues to be one of the most an attractive market for public and private investors. According to the Renewables global future report [1] world gets about 17–18% of its energy from renewables, including about 9% from “traditional biomass” and about 8% from “modern renewables.” In 2011, about 30 countries were getting 20% or more of their total energy from renewables, and some as high as 50%. Countries in this category include Austria, Brazil, Chile, Denmark, Finland, Iceland, New Zealand, Norway, Peru, the Philippines, Portugal, Romania, Sweden, Uganda, and Uruguay. The share of energy from renewable sources in gross final consumption of energy reached 15.0% in the European Union (EU), compared with 8.3% in 2004, the first year for which the data is available (Table 1)

Development of the green economy and increase of its impact on employment

The world economic recession caused the loss of jobs for 34 million people between the years 2008 and 2009, thus finding viable alternatives for job creation is a global priority. In this context, our work’s objective is to study the effects of green economy development on job creation at global level for the next decades. Based on a detailed documentary analysis, our paper will analyze the estimations regarding the number of jobs that will be created in one sector of the green economy, namely the renewable energy sector. Data prove that the renewable energy sector has a remarkable potential for job creation, the estimations showing that by carrying out smart policies for its support, massive investments would immediately follow and the number of jobs created in renewable energy sector could double in the next ten years and even triple in the next twenty years. 

Localization based dynamics in the renewable energy sector

Purpose - This paper examines the upwards trend of utilizing localization as a strategy by Multinational Enterprises in the energy sector. It is a sector that is driven by the governments, due to the ever-growing need for survivability and sustainability in a world increasingly dependent on energy. Methodology - In-depth interview is the chosen method to obtain the critical opinions of small number of respondents who play a crucial role for decision-making in a leading company that prefers to utilize localization. This data is collated into a content analysis to determine the factors influencing it. Findings- Localization from a global company engaging in renewable energy sector can be desirable, and indeed, profitable, insomuch as the right conditions outlined by the interviewees are created. Conclusion- It is the intent of the author to build the first step of a guide to attract more positive attention from MNEs to encourage more technology transfer.Publisher's Versio