The International Renewable Energy Agency has released its new report that outlines the key actions for the acceleration of renewable energy in Lebanon.
The Agency sees potential for up to 30 % of energy generation based on renewable sources by 2030. This would not only meet the country’s growing energy demand and support economic growth but could also result in annual savings of up to USD 249 million. Lebanon would also be strengthened against the economic impact of the worldwide COVID-19 pandemic.
“Beyond short-term recovery measures, the country and its people need to focus their efforts together on longer-term improvements, including ensuring energy security and building a resilient economy,” said IRENA Director-General Francesco La Camera.
At the moment, fuel imports make up about a quarter of the national budget deficiency of Lebanon. The government has announced its target to cover 30% of the country’s energy consumption from renewables by the year 2030 while the Ministry of Energy and Water and the Center for Energy Conservation collaborated with IRENA on a clear roadmap for the transition. This roadmap outlines several key measures, e.g. the implementation of a more integrated regulatory environment for renewable energy deployment, PPAs for small-scale applications and the reinforcement of the grid.
Source & Image: IRENA | www.irena.org
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