Essays on Business Sustainability for Solar Industry in Morocco Case Study

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The paper 'Business Sustainability for Solar Industry in Morocco' is a wonderful example of a Business Case Study. Globally, businesses are becoming environmentally conscious especially with stringent measures to curb environmental degradation. Environmental and sustainability assessments are important as it assists businesses in quantification and understanding the actual impact that their processes have on nature, economy, society, and business opportunities for maneuvering while developing human-based resources and the capability of the environment to absorb the pollutants. The core of the research is sustainability of the Morocco solar industry. The renewable energies (RES) are becoming identity sign in the European Union’ s (EU) energy policy.

The aim of promoting such policies is to ensure adequate responses to climate change. It is important to note that the contribution of the renewable energies has remained marginal within the Southern Mediterranean energy mix. As a result, the Union for Mediterranean (UfM) launched the Mediterranean Solar Plan (MSP) for supporting the deployment of renewable energies within the region (Library of the European Parliament, 2014). Consequently, Morocco is one of the states that have shown interest in participation, which would enable it exploit the critical solar potential to increase energy supply, reduction in energy dependency, and diversification of the energy mix.

Within the region, morocco is better placed in implementing MSP considering that it has relatively significant solar energy installed capacity. Through MSP, Morocco would supply its internal electricity markets with sustainable energy and export the surplus to the EU market; as a result, it would benefit from green trade scheme. The sources of energy used globally are the main contributors of environmental degradation; however, with focus on the solar exploitation to produce energy, the country is likely to among the states focused on ensuring sustainable business development. Sustainability challenges of the solar industry Transitioning to a green economy that is compliant with various ecological balances presents numerous opportunities for the creation of wealth and sustainable employment opportunities.

Moreover, solar energy is becoming part of the major aim of new sustainable development mechanisms in Morocco. Various environmental constraints such as pollution, water stress, vulnerability to climate change, and overdependence on strong energy and limitations associated with economic growth and social development of creating jobs and reducing both spatial and social disparities often require a shift in economic modeling.

However, the model needs to focus on the green and inclusive economy. Morocco is regarded as a country that fighting climate change is the survival question. Currently, the country is regarded as the forerunner in transitioning to the low-carbon economy through adequate integration of solar energy in its energy mix. Morocco deserves sustainability credit for setting ambitious renewable energy goals that aim at dropping all the fossil fuel subsidies. Solar energy offers a sustainable solution to the challenges associated with energy.

Solar energy systems not only produce energy with no greenhouse gas generation but also present opportunities for taking responsibility for mitigation and management of various social and environmental impacts during the lifecycle of the energy systems (Fraunhofer Institute for Solar Energy Systems ISE, 2012). However, there are hurdles associated with the implementation of solar energy in Morocco. About sixty years ago, the price of the solar panels was high, but slowly and precipitously, the costs began to decline. In Morocco, the main grid infrastructure that was built with the aim of carrying consistent levels of generation is struggling to cope with the variability presented by solar energy.

Even though the national grids are adapting, the infrastructural development, on the other hand, remains huge and work slowly. Energy is becoming an important aspect in ensuring business effectiveness, efficiency, and reliability in offering the needs of the customers. Nonetheless, solar energy presents a very strong seasonality. Even though the connection of all states globally might assist in solving the problem, the technology is far from reaching such a situation.

Like any other source of renewable energy that relies of weather, the capacity factor holds back solar energy. To address some of the challenges associated with initial installation costs and undertaking public education on the significance of solar energy, Morocco would require government subsidies at least in the next 25 years to ensure that the industry competes against the established technologies of fossil fuels, which are highly pollutant. In addition, there are safety and cultural issues that impact solar industry in Morocco. The industry presents several challenges associated with health and safety measures considering that most people consider it hazard-free, thus fail to take considerable safety measures (United Nations Economic Commission for Africa Office for North Africa, 2014).

Even with projections into 2040, significant obstacles remain. These challenges include instability in the currency and high financing costs, which makes solar energy very expensive at the initial stages. Before the country solves these challenges, the achievement of its desired sustainable goal might be a great challenge.

References

Fraunhofer Institute for Solar Energy Systems ISE. (2012, November 30). Support for Moroccan Solar Plan: Solar Technologies in Morocco – Industry and Value Chain Assessment. Retrieved November 25, 2016, from https://www.giz.de/en/downloads/giz2012-en-solar-plan-morocco.pdf

Islam, M. T., Shahir, S., Uddin, T. I., & Saifullah, A. (2014). Current energy scenario and future prospect of renewable energy in Bangladesh. Renewable and Sustainable Energy Reviews, 39, 1074-1088.

Library of the European Parliament. (2014, May 8). Solar energy development in Morocco. Retrieved November 25, 2016, from http://www.europarl.europa.eu/RegData/bibliotheque/briefing/2013/130515/LDM_BRI(2013)130515_REV1_EN.pdf

Schinke, B., & Klawitter, J. (2016). Project: Middle East North Africa Sustainable ELECtricity Trajectories (MENA-SELECT). Retrieved November 25, 2016, from http://germanwatch.org/en/download/15120.pdf

United Nations Economic Commission for Africa O¬ffice for North Africa. (2014). The green economy in Morocco. Retrieved November 25, 2016, from http://www.uneca.org/sites/default/files/uploaded-documents/SROs/NA/AHEGM-ISDGE/egm_ge-_morocco.pdf

World Energy Council. (2013). World Energy Scenarios: Composing energy futures to 2050. Retrieved November 25, 2016, from http://www.worldenergy.org/wp-content/uploads/2013/09/World-Energy-Scenarios_Composing-energy-futures-to-2050_Executive-summary.pdf

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