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Quantifying the Saved Social Costs of the Solar Energy Projects Funded by the EBRD in Egypt

Author

Listed:
  • Mira Ghali

    (Faculty of Economics and Political Science, Cairo University, Egypt,)

  • Dalia M. Ibrahiem

    (Faculty of Economics and Political Science, Cairo University, Giza, Egypt.)

Abstract

The world is changing into a village due to the common need to meet the population’s energy demands. Scholars link such transformation with energy’s relevance in meeting economic and social development and improving human welfare. This paper aims to evaluate the social cost savings of solar energy projects funded by the European Bank for Reconstruction and Development (EBRD) in Egypt. The paper provides an overview of the EBRD's involvement in promoting renewable energy in Egypt and its impact on the country's energy mix. The paper analyzes the three solar energy projects funded by the EBRD and their contribution to reducing carbon emissions and promoting sustainable development. Through calculating the avoided carbon dioxide (CO2) emissions and the saved social costs of these projects, the study concludes that the contribution of the EBRD is substantial, which highlights the importance of partnering in renewable energy to achieve sustainable development goals and mitigate climate change.

Suggested Citation

  • Mira Ghali & Dalia M. Ibrahiem, 2023. "Quantifying the Saved Social Costs of the Solar Energy Projects Funded by the EBRD in Egypt," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 365-373, September.
    • Handle: RePEc:eco:journ2:2023-05-42
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    References listed on IDEAS

    as
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    4. Tian, Jinfang & Yu, Longguang & Xue, Rui & Zhuang, Shan & Shan, Yuli, 2022. "Global low-carbon energy transition in the post-COVID-19 era," Applied Energy, Elsevier, vol. 307(C).
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Renewable Energy; Egypt; EBRD; Solar Energy; Social Cost; Carbon Dioxide;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects

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