Economic Feasibility of Alternative Green Technologies Deployed to Achieve the 2030 UNSDG Target

Abstract

In the twenty-first century, the world is experiencing an essential increase in energy consumption. Factors contributing to this significant crisis are a rise in population, advancement of technology, and economic development. The current trend causes rapid depletion of the earth’s resources and increasing carbon dioxide emissions. Primary activities harming the environment are burning traditional energy resources like fossil fuels. The main objective of this study is to examine and assess different scenarios for the energy composition in Lebanon, emphasizing their efficacy and economic viability. This will be accomplished through a thorough assessment and utilization of renewable energy sources to facilitate the shift towards sustainable energy in compliance with the UN 2030 SDGs Target.

This thesis aims to conduct a comprehensive study employing a multifaceted strategy, integrating extensive analysis and practical application. The assessment will evaluate many alternative technologies, including solar, wind, and hydropower, to establish their matching operations in the Lebanese context. The study aims to assess the cost-effectiveness of implementing these technologies, considering installation capital costs (capex), operation and maintenance costs (opex), and energy production.

This thesis will assess Lebanon's transition to clean energy as an imperative step toward attaining the 2030 SDGs targets while promoting economic viability and correlating the most cost-effective energy mix. By assessing alternate technologies, the research aims to supply practical perceptivity that will lead the country toward a sustainable and economically feasible clean energy future.