De-risking green power

ENAR

Lebanon’s energy sector is characterized by a significant supply-demand imbalance, continuing growth in demand (5 percent per year), high generation costs (partly due to aging infrastructure), and a lack of financial sustainability. Electricité du Liban (EDL) cannot recover its operating costs and depends on the Lebanese government to subsidize operations. In 2013, EDL received transfers amounting to around $2 billion, corresponding to 4.5 percent of the GDP – creating a significant strain on the country’s budget and economy. Lebanon’s baseline energy mix is dominated by oil, accounting for over 95 percent of generation. Renewable energy currently accounts for 4 percent of the electricity produced in Lebanon, predominantly hydropower, with less than 0.2 percent from solar photovoltaic (PV). Renewable energy resources The climate change case for investing in renewable energy is well known. A global and local shift to renewable energies, requiring both public and private resources, is essential to achieve