Economic Analysis of The Contribution of Renewable Energy Sources to the Decarbonization of the Power Systems

المؤلفون

  • Adel Ramadan Hussien Mohamed Higher Institute of Engineering Technology, Bani Walid, Libya
  • Abdssalam Ali Ahmed Mechanical and Industrial Engineering Department, Bani Waleed University, Bani Walid, Libya

الكلمات المفتاحية:

Economic Analysis، RESs، Decarbonizing power، CC

الملخص

The economic analysis of the contribution of Renewable Energy Sources (RESs) to the decarbonization of power systems involves evaluating the financial implications and overall benefits of transitioning towards cleaner energy sources. As traditional power systems heavily rely on fossil fuels, which contribute to Greenhouse Gas (GHG) emissions, the integration of RESs plays a crucial role in reducing carbon footprints and addressing Climate Change (CC). Economic analysis assesses the costs and benefits associated with the adoption of RESs in power systems. It involves considering factors such as the initial investment required for deploying renewable energy technologies, Operational and Maintenance (O&M) costs, potential revenue generation, and the long-term environmental benefits. This analysis enables policymakers, investors, and stakeholders to evaluate the financial viability of transitioning to cleaner energy systems.

Dimensions

منشور

2023-08-17

كيفية الاقتباس

Adel Ramadan Hussien Mohamed, & Ali Ahmed, A. (2023). Economic Analysis of The Contribution of Renewable Energy Sources to the Decarbonization of the Power Systems. African Journal of Advanced Pure and Applied Sciences (AJAPAS), 2(3), 216–223. استرجع في من https://aaasjournals.com/index.php/ajapas/article/view/474

إصدار

القسم

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