Tag Archives: clean energy

Alternative Energy Prospects in Morocco

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Morocco, being the largest energy importer in North Africa, is making concerted efforts to reduce its reliance on imported fossil fuels. The country currently imports 95% of its energy needs which creates strong dependence on foreign energy imports. Renewable energy is an attractive proposition as Morocco has almost complete dependence on imported energy carriers. Morocco is already spending over US$3 billion a year on fuel and electricity imports and is experiencing power demand growth of 6.5 per cent a year. Morocco is investing heavily in the power sector by building new power plants such as expansion of coal power plant in JorfLasfer and establishment … Continue reading →

CDM Enhancing Africa’s Profile Among Investors

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The Clean Development Mechanism (CDM) is an extremely simple concept. Companies in developed economies can continue with their polluting ways so long as they pay for reductions in greenhouse gas emissions elsewhere in the world. Substitute Egypt, Libya, Sudan, Zimbabwe and a string of other African countries for ‘elsewhere’. CDM may not figure highly on the financial radar screens of many entrepreneurs and business people across the globe. They’re probably much more exercised over the merits or otherwise of business banking services, But maybe they should be looking at CDM, not least because entrepreneurial activity and green make interesting bedfellows these days. … Continue reading →

Rationale for Solar Energy in MENA

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The world is rife with news snippets concerning the development of solar power. The sun provides an infinite source of energy that takes off the burden on the renewable sources for power generation. In doing so, there are increased chances of conserving the limited energy reserves. Already about 50% of the earth’s natural resources are in use. If this usage rate continues, we will run out of finite sources in no time. For instance, there is only enough oil left for the coming 46.2 years. Luckily, the development of solar energy serves as the light at the end of the tunnel. … Continue reading →