Research Article Open Access

Optimization of Integrated Energy Systems in a Developing Economy using Technology

Joseph Uchenna Ezekwugo1, Anthony Ibe2 and Alwell Nteegah2
  • 1 Emerald Energy Institute, Nigeria
  • 2 University of Port Harcourt, Nigeria

Abstract

This study uses a Low Emissions Analysis Program (LEAP) model to optimize the integrated energy systems of a developing economy (Nigeria) over 2020 - 2050 modelling period using Technology. It attempts to address the perennial energy dearth challenge, which plagues developing economies, while minimizing associated environmental impact GHG Emissions. The study models existing conditions within the developing economy as a baseline and evaluates a technology application scenario. The results obtained indicate that the application of technology has a significant impact with as much as 70.6% reduction in energy demand and 64.8% reduction in GHG emissions within the modelling period. The application of technology is therefore critical for sustainably meeting the future energy demands of the developing economy modelled (Nigeria). The study recommends that specifically applicable technology identified should be implemented in the developing country to address the energy dearth by enhancing supply while keeping the associated Green House Gas (GHG) emissions low.

American Journal of Economics and Business Administration
Volume 14 No. 1, 2022, 1-11

DOI: https://doi.org/10.3844/ajebasp.2022.1.11

Submitted On: 5 February 2022 Published On: 21 March 2022

How to Cite: Ezekwugo, J. U., Ibe, A. & Nteegah, A. (2022). Optimization of Integrated Energy Systems in a Developing Economy using Technology. American Journal of Economics and Business Administration, 14(1), 1-11. https://doi.org/10.3844/ajebasp.2022.1.11

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Keywords

  • Developing Economy
  • Energy
  • Emissions
  • Green House Gas
  • LEAP
  • Model
  • Optimization
  • Sustainable Development
  • Technology