I'm amazed that Egypt still uses gas for 80% of their electricity. I would think they'd be perfect for wind and solar.
alephnerd · 14m ago
Perverse incentives [0]
Egypt is a heavily statist country, and energy SoEs like Egyptian General Petroleum Corporation (EGPC) and their subsidiaries are all ONG heavy. They are also a major employer in Egypt.
This is the one risk that seems to never be mentioned in conversations around renewable energy - the biggest barrier to the energy transition is the job loss implications.
This is why ONG heavy countries like Egypt are trying to investigate the feasibility of green hydrogen [1]
Egypt is a heavily statist country, and energy SoEs like Egyptian General Petroleum Corporation (EGPC) and their subsidiaries are all ONG heavy. They are also a major employer in Egypt.
This is the one risk that seems to never be mentioned in conversations around renewable energy - the biggest barrier to the energy transition is the job loss implications.
This is why ONG heavy countries like Egypt are trying to investigate the feasibility of green hydrogen [1]
[0] - https://www.reuters.com/business/energy/egypt-rushes-catch-u...
[1] - https://www.atlanticcouncil.org/blogs/new-atlanticist/the-gr...