Session

Management, Business and Economics

Description

Energy as a comprehensive source of economic development has undergone transformation and is evolving into alternatives. Due to the concerns about pollution, energy generation is constantly seeking an alternative that is friendly to the environment, or at least with substantial lower harmful effects. This effort involves costs of investment, especially in developing countries. Investment in alternative, cost efficient and friendly environment energy is no longer the sole isolated objective of a country, thus it may involve several countries, especially neighboring ones to coordinate their efforts. This paper looks into the state and prospects of alternative energy in four small developing countries in the Balkans: Albania, Kosovo, Montenegro, and Northern Macedonia by analyzing their current producers, shortage and/or surplus of energy, sources, environmental costs, and the impact on their national economies. All this in a relatively small area of over 72 000 km2 and 7.4 million inhabitants of four countries. A particular emphasis will be placed on comparative analysis of hydro-power and solar energy.

Keywords:

Developing Countries, Alternative Energy, Environmental Pollution, Economic Impact

Session Chair

Naim Preniqi

Session Co-Chair

Muhamet Gërvalla

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-19-2

First Page

29

Last Page

35

Location

Pristina, Kosovo

Start Date

26-10-2019 5:15 PM

End Date

26-10-2019 6:45 PM

DOI

10.33107/ubt-ic.2019.379

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Oct 26th, 5:15 PM Oct 26th, 6:45 PM

Alternative Energy Generation and its Economic Impact on Developing Countries: A Case Study of Albania, Kosovo, Montenegro, and Northern Macedonia

Pristina, Kosovo

Energy as a comprehensive source of economic development has undergone transformation and is evolving into alternatives. Due to the concerns about pollution, energy generation is constantly seeking an alternative that is friendly to the environment, or at least with substantial lower harmful effects. This effort involves costs of investment, especially in developing countries. Investment in alternative, cost efficient and friendly environment energy is no longer the sole isolated objective of a country, thus it may involve several countries, especially neighboring ones to coordinate their efforts. This paper looks into the state and prospects of alternative energy in four small developing countries in the Balkans: Albania, Kosovo, Montenegro, and Northern Macedonia by analyzing their current producers, shortage and/or surplus of energy, sources, environmental costs, and the impact on their national economies. All this in a relatively small area of over 72 000 km2 and 7.4 million inhabitants of four countries. A particular emphasis will be placed on comparative analysis of hydro-power and solar energy.