International Journal of Social Science & Economic Research
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Title:
ECONOMIC EFFECTS OF RENEWABLE ENERGY IN EGYPT

Authors:
Hany M. El-Shamy

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Hany M. El-Shamy
Professor & Head of Economics and Public Finance Department, Faculty of Commerce, Tanta University, Tanta 35575, Egypt

MLA 8
El-Shamy, Hany M. "ECONOMIC EFFECTS OF RENEWABLE ENERGY IN EGYPT." Int. j. of Social Science and Economic Research, vol. 4, no. 5, May 2019, pp. 3726-3741, ijsser.org/more2019.php?id=283. Accessed May 2019.
APA
El-Shamy, H. (2019, May). ECONOMIC EFFECTS OF RENEWABLE ENERGY IN EGYPT. Int. j. of Social Science and Economic Research, 4(5), 3726-3741. Retrieved from ijsser.org/more2019.php?id=283
Chicago
El-Shamy, Hany M. "ECONOMIC EFFECTS OF RENEWABLE ENERGY IN EGYPT." Int. j. of Social Science and Economic Research 4, no. 5 (May 2019), 3726-3741. Accessed May, 2019. ijsser.org/more2019.php?id=283.

References
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Abstract:
Energy fuels global economic activity. As populations expand, living expand, living standards improve and consumption rises, total demand for energy is expected to increase by 21% by 2030 (IEA, 2015). At the same time, growing concerns over climate change are prompting governments worldwide to seek ways to supply energy while minimizing greenhouse gas emissions and other environmental impacts. Decisions made today on energy sector investments and infrastructure lock in associated costs and benefits for at least a few decades. The objective of this study is a capture and measure the effects of renewable energy deployment on the basis of a holistic macroeconomic framework on the Egyptian economy. More specifically, the study quantitative evidence of the macroeconomic impacts of renewable energy deployment in Egypt. This paper depends on the descriptive analysis to show the impact of renewable energy sources on the macroeconomic indicators in Egypt such as economic growth and unemployment rates. Egypt's statistical information and indicators show that the country is in a transitional phase with respect to energy security and dependency. The Egyptian renewable energy deployment model is heavily based on large scale projects, while decentralized renewable energy solutions received sporadic attention. The employment effect of renewable energy expansion is one of the key valued economic factors, with an estimate of around 29000 job opportunities based on the currently announced pipeline of projects.