Examining the Economic Impact of Renewable Energy in Green Buildings: A Case Study of Jordan


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Authors

  • Ghani Albaali Environment Technology and Management Princess Sumaya University
  • Mohammed Shahateet Princess Sumaya University http://orcid.org/0000-0002-4628-2424
  • Khaled AL-Naif Albalqa Applied University
  • Saud Altayeb Muta University
  • Abdul Ghafoor Saidi Princess Sumaya University

Abstract

This paper aims at testing whether an increase in energy spending has placed a negative or positive impact on the Jordanian economy. Following the economic scale theory and the results of model simulation, we reached to a conclusion that such level of growth in public spending threatens the next generations living in Jordan, as the gap between produced energy and the total energy used. The question is how to shrink this energy gap, or even eliminate it. The paper contributes to bridging such gap by suggesting an increase in the production of domestic energy which depends on what resources Jordan has and whether these resources are renewable or fossil as well as the economic feasibility of using such resources. The influential use is related to social awareness as well as to the supports that are given by government regulations. The paper concludes that it is about time to reduce the amount of support needed by residential energy users in order to invest in other energy projects such as hydroelectric, wind, or large solar farms.Keywords: Renewable energy, green building, energy spending, JordanJEL Сlassifications: O13, Q43, Q48, Q51, Q56DOI: https://doi.org/10.32479/ijeep.9947

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Author Biography

Mohammed Shahateet, Princess Sumaya University

Dr. Shahateet is an associate professor at Princess Symaya University for Technology in Amman, Jordan, where he has taught since 1992. During 1977-1991 he was the head of the Economics Department at the Royal Scientific Society. He also served as the head of industrial economics division, and an economic researcher at the Royal Scientific Society.He has both his BSc and MSc in statistics from the University of Baghdad, Iraq. His Ph.D. is in econometrics from the University of Leeds in the United Kingdom. He is the author of 28 books and working papers, 5 articles that have appeared in professional journals, and 6 papers presented at international conferences.Dr. Shahateet's research interests include energy economics, labour market, child labour, poverty, statistical analysis, regional economic cooperation, econometric modelling and large-scale data analysis.

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Published

2020-10-10

How to Cite

Albaali, G., Shahateet, M., AL-Naif, K., Altayeb, S., & Saidi, A. G. (2020). Examining the Economic Impact of Renewable Energy in Green Buildings: A Case Study of Jordan. International Journal of Energy Economics and Policy, 10(6), 31–35. Retrieved from https://econjournals.com/index.php/ijeep/article/view/9947

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