Lebanon has the potential to generate up to 30 per cent of its electricity from renewable sources by 2030, according to a new report published by the International Renewable Energy Agency (IRENA). The Renewable Energy Outlook: Lebanon report suggests that scaling-up renewable energy adoption can help the country meet growing energy demand, support economic growth, create annual savings of up to USD 249 million and strengthen the country’s response to the COVID-19 pandemic.
As IRENA Director-General Francesco La Camera outlined in the report, while the pandemic has brought hardship and grief, the need to respond quickly and effectively has underlined the value of close, transparent co-ordination. “Beyond short-term recovery measures, the country and its people need to focus their efforts together on longer-term improvements, including ensuring energy security and building a resilient economy,” he said.
As the country moves forward, renewable energy technologies offer the prospect of stable, clean power and heat systems. While energy and electricity demand have weighed heavily on Lebanon’s economy, and fuel imports account for close to a quarter of the national budget deficit, renewable energy technologies offer the prospect of clean, domestically sourced power and heat systems. In recognition of the economic opportunity of renewables. Lebanon has adopted an ambitious target to cover 30% of its energy consumption from renewables by 2030.
Prepared by IRENA in collaboration with Lebanon’s Ministry of Energy and Water, and the Lebanese Center for Energy Conservation, the report aims to support the establishment of a clear and well-designed roadmap for the country’s renewable energy development by 2030. The Outlook examines the policy, regulatory, financial and capacity-related challenges to overcome in pursuing Lebanon’s energy transition plans.
Here are seven of the key measures outlined in the report necessary to get support the uptake of renewables in Lebanon:
Implement a more integrated regulatory environment for renewable energy deployment
The successful acceleration of renewable energy deployment requires significant adjustments to the regulatory framework governing Lebanon’s energy sector, with several current conflicting laws, presenting a barrier to private sector investment. IRENA suggests integrating energy-related laws under an overarching amended law, overruling any current discrepancies or overlaps.
Adopt new measures for small-scale applications
Power Purchase Agreements (PPAs) that allow developers to sell electricity directly to specific consumers could in turn open the way for peer-to-peer contracts. Taking advantage of advancements in the areas of peer-to-peer trading and blockchain can promote implementation of community-scale renewable energy systems. Reinstating incentives for the installation of solar water heaters and small-scale applications would also support uptake.
Complement national targets with technology-specific renewable energy targets
In 2018, Lebanon updated its renewable energy target to 30 per cent of consumption (power and heat) by 2030. However, a lack of clarity over the technology mix remains a hindrance. IRENA suggests complementing the target by defining the individual target capacities for each technology. Specifically, 1 000 MW of wind; 601 MW of hydro; 2 500 MW of centralised solar PV; 500 MW of decentralised solar PV; and 13 MW of biogas.
Set enabling tools for the installation of heating and cooling
Setting subsidies for heat pumps to increase competitiveness and complement current solar water heater incentives may support the introduction of the tools required to improve the uptake of renewables in the heating and cooling sector. Furthermore, establishing a databank on application and current market status with tailored support programs can incentivise investments.
Reform the current market framework to increase investments and project bankability
Electricity in Lebanon is highly subsidised. Therefore, increasing tariffs and reducing electricity subsidies may encourage public and private investments in renewable energy projects and allow for the proliferation of renewables through small- and medium-scale deployment.
Reinforce the grid and conduct grid impact assessments
Lebanon’s grid is subject to major technical and non-technical losses, amounting to 21% in 2018. Therefore, renewable energy projects – particularly large-scale projects – face significant difficulties. IRENA’s analysis finds that Lebanon’s 30% target can be reached if the stability of the system is preserved.
Financing and the role of the private sector
While several incentives such as NEEREA, the Lebanon Energy Efficiency and Renewable Energy Finance Facility (LEEREFF) and the Green Economy Financing Facility (GEFF), administrative processes can be streamlined for both large-scale and small-scale applications. Additionally, the development of suitable risk mitigation schemes specific to renewable energy projects by international financial institutions will offer security to investors.
For more, please read Renewable Energy Outlook: Lebanon
World Bank Announces ‘Mission Billion Challenge’ Winners
Leaders from around the world—including H.M. Queen Máxima of the Netherlands in her capacity as UNSGSA, the President of Estonia, and Ministers from Indonesia, Nigeria, Sierra Leone and Togo—called on countries to prioritize development of inclusive and trusted digital ID systems as part of a resilient recovery from the COVID-19 pandemic at the World Bank and IMF Annual Meeting event on October 21. The event also announced the winners of the ID4D Mission Billion Innovation Challenge to remove barriers to accessing and using such digital platforms.
Panelists highlighted how digital ID systems, together with a broader set of foundational digital infrastructure such as digital payments and platforms for trusted data sharing, can help build more resilient digital economies and societies when they are designed inclusively and with people at the center. Countries that had this infrastructure in place and accessible to people before the pandemic have been able to deliver emergency cash assistance to mitigate the impacts of COVID-19 more quickly and effectively, and maintain better continuity in services by shifting from physical to online delivery during lockdowns and quarantines.
“Now is the time for accelerated action: to get every person a digital ID that enables their access to services and ensures their privacy; and to have all countries prepared not only to respond better to the next crisis but to take advantage of the new opportunities being created by the digital economy,” said Dr. Mari Pangestu, World Bank Managing Director for Development Policy and Partnerships.
“The crisis has created momentum in many countries to implement new ID systems, or boost coverage and strengthen the capabilities of existing ones. Sequencing and coordination are particularly important as the urgency of the pandemic might result in decisions not always being aligned across the government or with global best practices,” said Queen Máxima, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA).
Winners of the World Bank Group’s Mission Billion Innovation Challenge were revealed, with a total of $150,000 in prize money and the opportunity to work with World Bank teams to further develop, pilot and scale their ideas. Given how the crisis has highlighted the critical need for digital ID systems and other platforms to work for all people, the theme of this year’s Challenge was inclusion:
- The Global prize sought new ways to enable vulnerable populations—such as people with limited digital access and marginalized women and girls—to obtain digital IDs and use them to verify their identities and access remote services. The top winners announced by Makhtar Diop, World Bank Vice President for Infrastructure, were Kiva Protocol, Mobile Vaani, and Special Olympics Nigeria, all three sharing first place and together addressing inclusion across the full identification lifecycle.
- The WURI West Africa prize called for solutions to facilitate contributions to social insurance programs, such as pensions and savings accounts, by informal sector workers. The winners, announced by Mamta Murthi, World Bank Vice President for Human Development, were Naa Sika in first place and Tonti+ in second place.
About the Identification for Development (ID4D) Initiative
The World Bank Group’s Identification for Development (ID4D) Initiative helps countries realize the transformational potential of digital identification. ID4D works with countries and partners across sectors to enable all people to exercise their rights and to access services by closing the gap in identification for the estimated 1 billion people currently without any proof of identity, and improving the quality and utility of digital identification and civil registration systems in line with the Principles on Identification for Sustainable Development. ID4D has three pillars of activity: country and regional engagement; thought leadership; and global convening and platforms. ID4D is supported by the Bill & Melinda Gates Foundation, the UK Government, the French Government, and the Omidyar Network.
About the Mission Billion Challenge
In its second year, Mission Billion, supported by MIT Solve platform, aims to spur practical and innovative solutions to challenges developing countries face in implementing digital ID systems. It is hosted by the World Bank Group’s Identification for Development (ID4D) Initiative and supported by the Bill & Melinda Gates Foundation, the UK Government, the French Government, and Omidyar Network. This year attracted 370 solutions from academics, entrepreneurs, scientists, and technologists based in 59 countries. The 2019 edition focused on privacy and user empowerment of their identification.
A framework agreement of cooperation between IsDB and Standard Chartered Bank
IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank (SCB), signed a Memorandum of Agreement to participate in IsDB’s Restore Track Program aimed to supporting IsDB’s member countries’ private sector through stimulus packages to the economic sectors most impacted by the CoVID19 pandemic.
This agreement leverages on IsDB’s $2Bn “COVID Guarantee Facility” to establish an operational cooperation framework for IsDB and SCB to facilitate financing arrangements to IsDB’s Member Countries.
The COVID pandemic has disrupted international financial channels and put pressure on hard currency inflows to Emerging Markets. This pressure led to considerable limitations of the private sector’s access to financial liquidity. Combined with the loss of income due to reduced demand, the health crisis poses unprecedented challenges to the private sector and especially SMEs.
Through its cooperation with Standard Chartered Bank, IsDB aims to help alleviate some of these pressures by providing blended lines of finance to local banks at competitive prices.
“I am glad to see our, already strong, relationship with Standard Chartered Bank further strengthened with this unique and innovative partnership” stated H.E IsDB’s President, Dr. Bandar Al Hajjar. He also expressed his firm conviction that SCB’s funding expertise added to IsDB de-risking guarantees will make a lasting impact for IsDB’s Members Countries.
M. Sunil Kaushal expressed his thanks to IsDB for the developing partnership between the two institutions noting that IsDB is the first Bank to sign such agreement with SCB. He also expressed his strong commitment to support IsDB member countries to fight COVID-19.
Both agree that this “out of the box” partnerships between MDBs and the private sector are now necessary to overcome the challenges of our times.
The Islamic Development Bank (IsDB) is a multilateral development bank (MDB) counting 57 member countries across four continents – touching the lives of 1 in 5 of the world’s population.
IsDB works to improve the lives of those it serves by promoting social and economic development, delivering impact at scale. IsDB is one of the world’s most active MDBs, and global leaders in Islamic Finance, with a AAA rating. Headquartered in Jeddah, Saudi Arabia, IsDB is a truly global institution with major hubs in Morocco, Malaysia, Kazakhstan and Senegal; and gateway offices in Egypt, Turkey, Indonesia, Bangladesh and Nigeria.
Standard Chartered Bank (SCB) is a leading international banking group, with a presence in 60 of the world’s most dynamic markets and serving clients in a further 85. SCB’s purpose is to drive commerce and prosperity through it unique diversity, and heritage; and values are expressed in it brand promise, “Here for good”.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
Solutions to accelerate renewables integration and power system resilience
Singapore and the International Energy Agency today co-hosted the second Global Ministerial Conference on System Integration of Renewables (SIR). The Conference was held as part of the Singapore International Energy Week (SIEW) 2020.
This is the first SIR Ministerial Conference to be held in Asia. Under the theme “Investment, Integration, and Resilience: A Secure, Clean Energy Future,” the SIR Ministerial Conference brought together close to 30 Energy Ministers, global CEOs and thought leaders to discuss emerging issues in the acceleration of renewables integration and power system resilience with a strong focus on Asia and Southeast Asia. The IEA also launched its new report on electricity security, Power Systems in Transition, at the Conference. The report provides important recommendations on modernising power grids for greater reliability and flexibility.
Singapore’s Minister in the Prime Minister’s Office and Second Minister for Trade & Industry, and Manpower and co-Chair of the SIR Ministerial Dr Tan See Leng said: “International cooperation and public-private partnerships remain vital as we navigate towards a more sustainable energy future. As we address the urgent need to future-proof our systems to create more resilience and flexibility, we must also increase the share of, and enhance the integration of renewable energy in our energy systems. We look forward to working with the IEA to advance global energy transitions.”
“The IEA is pleased to partner with Singapore for the 2nd Ministerial Conference on System Integration of Renewables as the country sits at the heart of Asia, a region that will be critical in shaping the future of global energy markets,” said Dr Fatih Birol, the IEA Executive Director. “Today, we shared important lessons from across Asia and beyond on how best to integrate growing shares of wind and solar into power systems while maintaining security of supply. This will be crucial if renewables are to become the fundamental cornerstone of global clean energy transitions.”
Singapore’s cooperation with the IEA has deepened significantly since it became an Association country of the IEA in 2016. Singapore and the IEA have co-hosted many innovative initiatives and programmes to advance the global energy agenda. These include the training programmes under the Singapore-Regional Training Hub, the Singapore-IEA Forum and the Capacity Building Roadmap on Energy Investment and Financing for ASEAN.
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