A simulation of the economic impact of renewable energy development in Morocco

In this paper we identify the renewable energy source (RES) demand scenarios for Morocco, the needs of RES installed capacity according to those scenarios and the detailed investment plans needed to achieve such installed capacity supply. Then, using a dynamic variant input–output model, we simulate...

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Bibliographic Details
Published in:Energy policy 2012-07, Vol.46, p.335-345
Main Authors: de Arce, Rafael, Mahía, Ramón, Medina, Eva, Escribano, Gonzalo
Format: Article
Language:English
Subjects:
Alternative energy
Alternative energy sources
Applied sciences
CSP Morocco
Economic conditions
Economic data
Economic impact
Economic impact analysis
Electric energy
Electricity generation
Energy
Energy economics
Energy planning
Energy policy
Exact sciences and technology
Farms
Foreign direct investment
Foreign investments
General, economic and professional studies
Input output analysis
Input-output models
investment planning
I–O Simulation
Macroeconomics
Methodology. Modelling
Moroccans
Morocco
Natural energy
Renewable energies
Renewable energy sources
Renewable resources
Simulation
Solar energy
Studies
Wind energy
wind farms
Wind power
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Summary:In this paper we identify the renewable energy source (RES) demand scenarios for Morocco, the needs of RES installed capacity according to those scenarios and the detailed investment plans needed to achieve such installed capacity supply. Then, using a dynamic variant input–output model, we simulate the macroeconomic impact of the foreign investment inflows needed to make available these Moroccan RES generation capacity plans in the medium and long term. The use of concentrated solar plants, photovoltaic generation and wind power farms are considered and compared in the simulation. ► An evaluation of RES economic impact in Morocco from 2010 to 2040 is simulated. ► Different scenarios about import dependency and energy exports have been considered. ► The impact on GDP range from 1.21% to 1.99%. ► The impact on employment range from 269 to 499 thousand jobs. ► The alternative that produces most benefits would be the installation of windmills.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2012.03.068