Beta
271996

Suggested business strategies for a promising future of solar energy

Article

Last updated: 28 Dec 2024

Subjects

-

Tags

-

Abstract

The study adopted a set of work strategies, which express the 
logical approach that is adopted and followed to help achieve the 
goals. Among those strategies:
Major solar energy projects need to be co-financed by the public 
sector because of their learning stages and because of start-up 
costs and cost differentials for a specific period. Thus, it is 
possible to own a technology with a low carbon emission rate 
and a low cost for a long time. Given the social and political 
interest in providing permanent energy and the expansion that 
contributes to energy security, joint government funding can be 
justified - because project implementation is not possible when 
the risk is due to private companies alone.
Then it is necessary to think about the solar energy plan and the 
Desertic initiative. The two are the cornerstone for the 
implementation of the huge project, and the two are supported by 
the same private companies, and the two need the same general 
conditions for a long period of time to be successfully 
implemented. Therefore, the main steps and pillars that allow 
stability and partnership in generating electricity from the desert 
and integrating electricity from multiple sources into a single 
network must be identified. Given the current general conditions for implementing solar 
energy initiatives, we must first set our eyes in 4 direct steps:
First: It is necessary to expedite as much as possible the 
implementation of lighting projects and pilot projects related to 
solar power plants, which serve as a cornerstone for the rest of 
the project implementation procedures. Production distribution. 
The strong participation of North African companies is 
indispensable for the emergence of a tangible exchange 
relationship between the North and the South and for the 
establishment of a set of balanced foundations.
Second: The export of electric current should not be the most 
important, at least for a temporary period. Rather, the most 
important thing is to organize a strong trade, for example, 
through the issuance of certificates. Based on and continuing the 
clean development mechanism stipulated in the Kyoto Treaty, 
green certificates can be issued to Mediterranean countries, so 
that the European Union countries and their companies can reach 
their goals in getting rid of harmful energy and obtaining 
renewable energy by obtaining these certificates.
It is also possible to agree with gas-exporting countries on swap 
deals to allow the consumption of electric energy in North Africa 
at the beginning and to export more gas to Europe. It is also 
possible to think about implementing industrial products such as 
aluminum using green energy in the Mediterranean, packaging it 
with a green label and selling it in Europe. The expansion of 
these mechanisms may have a positive effect, as it may support 
the political leadership role of the European Union once again, 
after it witnessed a decline after the Copenhagen Treaty, and 
could lead to the development of renewable market mechanisms 
that are beneficial to both sides.

DOI

10.21608/ijmsbe.2022.271996

Keywords

solar energy, Economic and financial obstacles, technological innovation

Authors

First Name

Abeer

Last Name

Mohamed Abdel Razek Youssef

MiddleName

-

Affiliation

Student, Faculty of Commerce, Department of Economics

Email

-

City

-

Orcid

-

First Name

Sami

Last Name

El-Sayed

MiddleName

-

Affiliation

Professor of Economics, Faculty of Economics and Political Science, Cairo University

Email

-

City

-

Orcid

-

Volume

5

Article Issue

2

Related Issue

37576

Issue Date

2022-12-01

Receive Date

2022-12-01

Publish Date

2022-12-01

Page Start

36

Page End

55

Print ISSN

2735-5438

Online ISSN

2735-5446

Link

https://ijmsbe.journals.ekb.eg/article_271996.html

Detail API

https://ijmsbe.journals.ekb.eg/service?article_code=271996

Order

271,996

Type

Original Article

Type Code

1,998

Publication Type

Journal

Publication Title

International Journal of Multidisciplinary Studies on Management, Business, and Economy

Publication Link

https://ijmsbe.journals.ekb.eg/

MainTitle

Suggested business strategies for a promising future of solar energy

Details

Type

Article

Created At

23 Jan 2023