Strategic Suggestions to Make Renewable Energy Economically More Efficient
International Journal of Economic Behavior and Organization
Volume 6, Issue 2, June 2018, Pages: 29-37
Received: Apr. 25, 2018; Accepted: May 22, 2018; Published: Jun. 25, 2018
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Author
Jamal Adghough, Department of Economics & Management, Slovak University of Agriculture, Nitra, Slovakia
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Abstract
The term Energiewende (German for energy transition) is a call for the complete abandonment of conventional energies to stop the established climate change. This behavior is interminable and could be achieved only in successive steps. According to this, deployments of renewable energy technologies are considered as a critical approach to sustainable development. Obviously, the renewable energy use can lower a nation's dependency on imported fuels and purchase of energy from foreign markets. It also drives technological innovation and generates employment scheme while enhancing clean development mechanism. This paper presents existing renewable energy use by the example of the country of Morocco and makes use of simple economic approaches to show how technological development leads to improve the economic growth. Subsequently, possibilities are shown to make the use of renewable energies more efficient. The structure of the study is based on suggestions on how to implement innovative processes using renewable energy (solar and wind energy) to use the local resources to develop the economics of the country. The main characteristic of this paper is that it summarizes approaches for renewable energy use tailored for a case of Morocco and that this was not done in literature so far. The recent literature conducted similar case studies for other countries like, e.g., Germany [13], China [27], or for whole economic areas like the European Union, USA [30] or like the MENA-Region [29], and Africa [41], but for Morocco there is a gap in literature. Finally, some key interventions are proposed to achieve economic growth.
Keywords
Energy Efficiency, Renewable Energy, Alternative Use of Renewable Energy
To cite this article
Jamal Adghough, Strategic Suggestions to Make Renewable Energy Economically More Efficient, International Journal of Economic Behavior and Organization. Vol. 6, No. 2, 2018, pp. 29-37. doi: 10.11648/j.ijebo.20180602.11
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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