Suggested business strategies for a promising future of solar energy | ||||
| International Journal of Multidisciplinary Studies on Management, Business, and Economy | ||||
| Volume 5, Issue 2, December 2022, Page 36-55 PDF (897.15 K) | ||||
| Document Type: Original Article | ||||
| DOI: 10.21608/ijmsbe.2022.271996 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
| Abeer Mohamed Abdel Razek Youssef1; Sami El-Sayed2 | ||||
| 1Student, Faculty of Commerce, Department of Economics | ||||
| 2Professor of Economics, Faculty of Economics and Political Science, Cairo University | ||||
| 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. | ||||
| Keywords | ||||
| Solar energy; Economic and financial obstacles; Technological innovation | ||||
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