National Renewable Energy Action Plan- Local and Global Assessment

Abstract

Within the effects of global warming and climate change, there comes renewable energy, a solution for long-term growth and sustainability. Countries worldwide are experiencing the negative impacts of global warming and climate change which are caused by greenhouse gas (GHG) emissions. Moreover, the instability in oil prices and the talks about fossil fuel running out sometime in the future raises thoughts about finding other alternatives. Luckily, the burning of fossil fuels to produce energy can be replaced by greener and cleaner energy alternatives. Renewable energy is critical to long-term growth and sustainability. Clean technologies provide significant benefits in terms of economic growth, financial benefits, and environmental benefits, in addition to energy sector security, strengthening the sustainability of the energy sector and other key sectors globally and specifically in Lebanon. Furthermore, renewable energy is recognized as the primary component for mitigating the detrimental effects of the country's power sector crisis and due to the rise in fuel prices, electricity bill, and currency depreciation.