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Sustainability 2015, 7(6), 7714-7740; doi:10.3390/su7067714

Harnessing the Sun and Wind for Economic Development? An Economy-Wide Assessment for Egypt

1
International Food Policy Research Institute (IFPRI), Washington, DC 20006-1002, USA
2
International Centre for Integrated Assessment and Sustainable Development, Maastricht University, 6211 LK Maastricht, The Netherlands
3
Kiel Institute for the World Economy, Kiellinie 66, 24105 Kiel, Germany
These authors contributed equally to this work.
*
Author to whom correspondence should be addressed.
Academic Editor: Marc A. Rosen
Received: 9 April 2015 / Revised: 2 June 2015 / Accepted: 11 June 2015 / Published: 17 June 2015
View Full-Text   |   Download PDF [795 KB, uploaded 17 June 2015]   |  

Abstract

While the recent political transition in Egypt has delayed much-needed policy reforms, our paper suggests that under certain conditions, fostering the national renewable energy strategy may be a promising way of giving an ailing economy an urgently needed impetus. Based on the literature and results of a renewable-energy focused computable general equilibrium model, we recommend that Egypt supports the generation of wind power. While some energy may be exported to generate foreign exchange, a substantial part of the newly produced energy should be sold domestically to ease existing supply constraints and to avoid Dutch disease effects. In addition, and in order to maximize the benefits of renewable energy sources, the renewable energy strategy should be accompanied by a (further) reduction of energy subsidies. Finally, lessons from other countries suggest that sound institutions; appropriate, clear and lasting regulations; careful technology transfer; and cross-ministerial coordination are important for success. View Full-Text
Keywords: renewable energy; economic development; income distribution; computable general equilibrium (CGE) analysis; Egypt renewable energy; economic development; income distribution; computable general equilibrium (CGE) analysis; Egypt
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Al-Riffai, P.; Blohmke, J.; Breisinger, C.; Wiebelt, M. Harnessing the Sun and Wind for Economic Development? An Economy-Wide Assessment for Egypt. Sustainability 2015, 7, 7714-7740.

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