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


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Authors

  • Mira Ghali Faculty of Economics and Political Science, Cairo University, Egypt,
  • Dalia M.Ibrahiem Faculty of Economics and Political Science, Cairo University, Giza, Egypt.

DOI:

https://doi.org/10.32479/ijeep.14807

Keywords:

Renewable Energy, Egypt, EBRD, Solar Energy, Social Cost, Carbon Dioxide

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.

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Author Biography

Dalia M.Ibrahiem, Faculty of Economics and Political Science, Cairo University, Giza, Egypt.

Dalia M. Ibrahiem is currently an Associate Professor at Faculty of Economics and Political Science, Cairo University. She received her Master and PhD in Economics from Faculty of Economics and Political Science, Cairo University. She has authored and reviewed several research papers in reputable peer-reviewed impact factor journals in the area of energy economics and environmental economics. She has supervised several theses for master and PhD. Economics program, Faculty of Economics and Political Science, master degree in Law and Economics program in Collaboration with University of Hamburg and professional master degree of Entrepreneurship and Innovation in Collaboration with University of Cambridge.

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Published

2023-09-16

How to Cite

Ghali, M., & Ibrahiem, D. M. (2023). Quantifying the Saved Social Costs of the Solar Energy Projects Funded by the EBRD in Egypt. International Journal of Energy Economics and Policy, 13(5), 365–373. https://doi.org/10.32479/ijeep.14807

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Section

Articles