The Gradual Sustainable Energy Transition in Palestine: An Enabling Environment to Attract Local and International Investment, 2022
Traditionally, the work of the Palestine Economic Policy Research Institute (MAS) focused on macr... more Traditionally, the work of the Palestine Economic Policy Research Institute (MAS) focused on macroeconomic and social affairs. However, in recent years, the Institute has paid more attention to examining issues related to economic infrastructure, including the periodic coverage of these issues in the Quarterly Economic Monitor. MAS is aware of the importance of finding sustainable, national solutions to almost complete dependence on importing electrical energy from Israel, given that the issue of renewable energy has become a priority for government, for the Palestinian Energy Authority, and for other concerned parties. This comprehensive study discusses ways of gradual transition towards renewable energy in Palestine. It seeks to identify and analyze the elements required to reach an environment conducive to encouraging and stimulating local (and international) investment in renewable energy projects in Palestine. This requires developing an analytical framework for the emergence of such an enabling environment, allowing for investment in renewable energy and compatible with the different phases of investments in this sector. The study also presents a set of policies, interventions and business models that enable the renewable energy sector and reduce dependence on Israel in the field of electrical energy.
The study concluded that the components of the investment environment in the Palestinian energy sector are incomplete. There are numerous geopolitical and internal factors that distance investors and independent energy producers from engaging in this sector, despite their willingness and financial capabilities. The priority of government and its institutions remains focused on the traditional energy sector, and the government’s measures are still unable to reduce risks associated with investments in renewable energy projects. For example, sovereign guarantees are not issued for renewable energy generation plants.
Both centralized and decentralized efforts should act as transitional pathways towards sustainability, in parallel with each other. Centralized efforts should focus on long-term energy security, while decentralized efforts focus on rapid gains in implementing renewable energy, through covering growing demand at affordable prices. As is the case with MAS research, the subject of this study was selected in response to the interests and needs of the Palestinian Energy Authority, and in recognition of the importance of providing public policies and programs with information, accurate scientific analysis and expert consultation.
Last but not least, MAS would like to thank Dr. Yasser Khaldi and researchers Habib Hinn and Rand Tawil for their efforts in preparing this study, and to the Palestinian Energy and Natural Resource Authority (PENRA), the Palestinian Electricity Regulatory Council (PERC) and the Investment Promotion and Industrial Estates Agency (PIPA) for their cooperation with the research team and providing all the necessary information for the study. We also extend our thanks to the Arab Fund for Economic and Social Development for financing.
this study, and for their continuous support to MAS, and its efforts to develop and advance the Palestinian economy.
This study analyzed the various aspects of the Palestinian housing market, including supply, dema... more This study analyzed the various aspects of the Palestinian housing market, including supply, demand and prices. It starts with a descriptive analysis of the different aspects of housing units and the households residing in them, either as owners or renters. Then, hedonic regression models were used to estimate the various elasticities and characteristics of effective demand for the year 2012. Engel Curve was also used to study household expenditure patterns. Furthermore, gap analysis is used to estimate potential demand and supply and thus reach expected gap in the housing market for the period 2013 – 2025, and affordability indicators are calculated for the year 2014. Finally, recommendations are made based on the carried analysis. The study relied heavily on secondary data sources provided by the PCBS, along to some primary data collected by the research team at MAS. Some interviews were also conducted with the different stakeholders The study recommendations include: drafting policies towards promoting a rental housing market with characteristics that are suitable for newly formed families, concentrate on policies that reduce the cost of building as cost and price aspects of the housing unit are the most important according to our study, encourage the mortgage market so more Palestinians can benefit from it and introduce special mortgage programs to accommodate the affordability of special groups. Moreover, there is an immense need for more detailed data by the PCBS, especially on narrower geographical levels. This will allow for more sophisticated and constructive analysis.
This report aims at investigating the magnitude and nuances of the problems facing the Palestinia... more This report aims at investigating the magnitude and nuances of the problems facing the Palestinian economy and at understanding the structure of the population, labour market, economy, and education in the marginalized areas of the OPT: East Jerusalem, Area C, Palestinian refugee camps in the West Bank, and the Gaza Strip. This report, which amasses all relevant and available data and information regarding the structure of the Palestinian population, economic and business structure and their individual potential, education, and technical and vocational training systems in the target areas, is prepared for the Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ).
The Gradual Sustainable Energy Transition in Palestine: An Enabling Environment to Attract Local and International Investment, 2022
Traditionally, the work of the Palestine Economic Policy Research Institute (MAS) focused on macr... more Traditionally, the work of the Palestine Economic Policy Research Institute (MAS) focused on macroeconomic and social affairs. However, in recent years, the Institute has paid more attention to examining issues related to economic infrastructure, including the periodic coverage of these issues in the Quarterly Economic Monitor. MAS is aware of the importance of finding sustainable, national solutions to almost complete dependence on importing electrical energy from Israel, given that the issue of renewable energy has become a priority for government, for the Palestinian Energy Authority, and for other concerned parties. This comprehensive study discusses ways of gradual transition towards renewable energy in Palestine. It seeks to identify and analyze the elements required to reach an environment conducive to encouraging and stimulating local (and international) investment in renewable energy projects in Palestine. This requires developing an analytical framework for the emergence of such an enabling environment, allowing for investment in renewable energy and compatible with the different phases of investments in this sector. The study also presents a set of policies, interventions and business models that enable the renewable energy sector and reduce dependence on Israel in the field of electrical energy.
The study concluded that the components of the investment environment in the Palestinian energy sector are incomplete. There are numerous geopolitical and internal factors that distance investors and independent energy producers from engaging in this sector, despite their willingness and financial capabilities. The priority of government and its institutions remains focused on the traditional energy sector, and the government’s measures are still unable to reduce risks associated with investments in renewable energy projects. For example, sovereign guarantees are not issued for renewable energy generation plants.
Both centralized and decentralized efforts should act as transitional pathways towards sustainability, in parallel with each other. Centralized efforts should focus on long-term energy security, while decentralized efforts focus on rapid gains in implementing renewable energy, through covering growing demand at affordable prices. As is the case with MAS research, the subject of this study was selected in response to the interests and needs of the Palestinian Energy Authority, and in recognition of the importance of providing public policies and programs with information, accurate scientific analysis and expert consultation.
Last but not least, MAS would like to thank Dr. Yasser Khaldi and researchers Habib Hinn and Rand Tawil for their efforts in preparing this study, and to the Palestinian Energy and Natural Resource Authority (PENRA), the Palestinian Electricity Regulatory Council (PERC) and the Investment Promotion and Industrial Estates Agency (PIPA) for their cooperation with the research team and providing all the necessary information for the study. We also extend our thanks to the Arab Fund for Economic and Social Development for financing.
this study, and for their continuous support to MAS, and its efforts to develop and advance the Palestinian economy.
This study analyzed the various aspects of the Palestinian housing market, including supply, dema... more This study analyzed the various aspects of the Palestinian housing market, including supply, demand and prices. It starts with a descriptive analysis of the different aspects of housing units and the households residing in them, either as owners or renters. Then, hedonic regression models were used to estimate the various elasticities and characteristics of effective demand for the year 2012. Engel Curve was also used to study household expenditure patterns. Furthermore, gap analysis is used to estimate potential demand and supply and thus reach expected gap in the housing market for the period 2013 – 2025, and affordability indicators are calculated for the year 2014. Finally, recommendations are made based on the carried analysis. The study relied heavily on secondary data sources provided by the PCBS, along to some primary data collected by the research team at MAS. Some interviews were also conducted with the different stakeholders The study recommendations include: drafting policies towards promoting a rental housing market with characteristics that are suitable for newly formed families, concentrate on policies that reduce the cost of building as cost and price aspects of the housing unit are the most important according to our study, encourage the mortgage market so more Palestinians can benefit from it and introduce special mortgage programs to accommodate the affordability of special groups. Moreover, there is an immense need for more detailed data by the PCBS, especially on narrower geographical levels. This will allow for more sophisticated and constructive analysis.
This report aims at investigating the magnitude and nuances of the problems facing the Palestinia... more This report aims at investigating the magnitude and nuances of the problems facing the Palestinian economy and at understanding the structure of the population, labour market, economy, and education in the marginalized areas of the OPT: East Jerusalem, Area C, Palestinian refugee camps in the West Bank, and the Gaza Strip. This report, which amasses all relevant and available data and information regarding the structure of the Palestinian population, economic and business structure and their individual potential, education, and technical and vocational training systems in the target areas, is prepared for the Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ).
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analyze the elements required to reach an environment conducive to encouraging and stimulating local (and international) investment in renewable energy projects in Palestine. This requires developing an analytical framework for the emergence of such an enabling environment, allowing for investment in renewable energy and compatible with the different phases of investments in this sector. The study also presents a set of policies, interventions and business models that enable the renewable energy sector and reduce dependence on Israel in the field of electrical energy.
The study concluded that the components of the investment environment in the Palestinian energy sector are incomplete. There are numerous geopolitical and internal factors that distance investors and independent energy producers from engaging in this sector, despite their willingness and financial capabilities. The priority of government and its institutions remains focused on the traditional energy sector, and the government’s measures are still unable to reduce risks associated with investments in renewable energy projects. For example, sovereign guarantees are not issued for renewable energy generation plants.
Both centralized and decentralized efforts should act as transitional pathways towards sustainability, in parallel with each other. Centralized efforts should
focus on long-term energy security, while decentralized efforts focus on rapid gains in implementing renewable energy, through covering growing demand at affordable prices. As is the case with MAS research, the subject of this study
was selected in response to the interests and needs of the Palestinian Energy Authority, and in recognition of the importance of providing public policies and programs with information, accurate scientific analysis and expert consultation.
Last but not least, MAS would like to thank Dr. Yasser Khaldi and researchers Habib Hinn and Rand Tawil for their efforts in preparing this study, and to the Palestinian Energy and Natural Resource Authority (PENRA), the Palestinian Electricity Regulatory Council (PERC) and the Investment Promotion and
Industrial Estates Agency (PIPA) for their cooperation with the research team and providing all the necessary information for the study. We also extend our
thanks to the Arab Fund for Economic and Social Development for financing.
this study, and for their continuous support to MAS, and its efforts to develop and advance the Palestinian economy.
The study recommendations include: drafting policies towards promoting a rental housing market with characteristics that are suitable for newly formed families, concentrate on policies that reduce the cost of building as cost and price aspects of the housing unit are the most important according to our study, encourage the mortgage market so more Palestinians can benefit from it and introduce special mortgage programs to accommodate the affordability of special groups. Moreover, there is an immense need for more detailed data by the PCBS, especially on narrower geographical levels. This will allow for more sophisticated and constructive analysis.
East Jerusalem, Area C, Palestinian refugee camps in the West Bank, and the Gaza Strip. This report, which amasses all relevant and available data and information regarding the structure of the Palestinian population, economic and business structure and their individual potential, education, and technical and vocational training systems in the target areas, is prepared for the Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ).
analyze the elements required to reach an environment conducive to encouraging and stimulating local (and international) investment in renewable energy projects in Palestine. This requires developing an analytical framework for the emergence of such an enabling environment, allowing for investment in renewable energy and compatible with the different phases of investments in this sector. The study also presents a set of policies, interventions and business models that enable the renewable energy sector and reduce dependence on Israel in the field of electrical energy.
The study concluded that the components of the investment environment in the Palestinian energy sector are incomplete. There are numerous geopolitical and internal factors that distance investors and independent energy producers from engaging in this sector, despite their willingness and financial capabilities. The priority of government and its institutions remains focused on the traditional energy sector, and the government’s measures are still unable to reduce risks associated with investments in renewable energy projects. For example, sovereign guarantees are not issued for renewable energy generation plants.
Both centralized and decentralized efforts should act as transitional pathways towards sustainability, in parallel with each other. Centralized efforts should
focus on long-term energy security, while decentralized efforts focus on rapid gains in implementing renewable energy, through covering growing demand at affordable prices. As is the case with MAS research, the subject of this study
was selected in response to the interests and needs of the Palestinian Energy Authority, and in recognition of the importance of providing public policies and programs with information, accurate scientific analysis and expert consultation.
Last but not least, MAS would like to thank Dr. Yasser Khaldi and researchers Habib Hinn and Rand Tawil for their efforts in preparing this study, and to the Palestinian Energy and Natural Resource Authority (PENRA), the Palestinian Electricity Regulatory Council (PERC) and the Investment Promotion and
Industrial Estates Agency (PIPA) for their cooperation with the research team and providing all the necessary information for the study. We also extend our
thanks to the Arab Fund for Economic and Social Development for financing.
this study, and for their continuous support to MAS, and its efforts to develop and advance the Palestinian economy.
The study recommendations include: drafting policies towards promoting a rental housing market with characteristics that are suitable for newly formed families, concentrate on policies that reduce the cost of building as cost and price aspects of the housing unit are the most important according to our study, encourage the mortgage market so more Palestinians can benefit from it and introduce special mortgage programs to accommodate the affordability of special groups. Moreover, there is an immense need for more detailed data by the PCBS, especially on narrower geographical levels. This will allow for more sophisticated and constructive analysis.
East Jerusalem, Area C, Palestinian refugee camps in the West Bank, and the Gaza Strip. This report, which amasses all relevant and available data and information regarding the structure of the Palestinian population, economic and business structure and their individual potential, education, and technical and vocational training systems in the target areas, is prepared for the Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ).