Entrepreneurship in Clean Energy and Efficiency
Date
2024
Journal Title
Journal ISSN
Volume Title
Publisher
McGraw-Hill Education (UK) Limited
Abstract
Description
In the realm of global energy dynamics, the transition towards clean and renewable energy sources stands as a monumental challenge and an unparalleled opportunity. As the impacts of climate change become increasingly evident, ranging from extreme weather events to rising sea levels, the shift from fossil fuels to renewable energy sources such as solar, wind, hydro, and geothermal energy emerges as an imperative for countries worldwide. Renewable energy sources are not just an alternative to traditional fossil fuels. Rather, clean energy is the foundation of a sustainable, healthy, and equitable world—a crucial pillar for sustainable development and global stability.
As the world endeavors to mitigate the impacts of climate change and diversify energy supplies, the Kingdom of Saudi Arabia (KSA) emerges at the forefront of this transformative journey. With its ambitious Vision 2030 blueprint guiding its transition away from oil dependency towards a more diversified and sustainable economy, this transformation is not just economic or environmental in nature, but represents a fundamental shift in the Kingdom’s identity and its role on the global stage. Central to this vision is the development of a robust clean energy sector, driven by innovative entrepreneurship and strategic investments in technology, education, and infrastructure.
This textbook endeavors to delve into the multifaceted dimensions of this transition, offering insights into the technological, economic, social, and policy landscapes that shape the clean energy sector in Saudi Arabia. Through the lens of entrepreneurship, this textbook aims to equip students with the knowledge, skills, and inspiration needed to navigate this uncharted territory and emerge as leaders in the quest for a sustainable energy future. It explores the unique opportunities and challenges faced by entrepreneurs in the clean energy sector within the Saudi context.
Throughout the chapters, students will delve into diverse topics, including the role of technology and innovation, government policies and support mechanisms, access to finance, and the emerging trends shaping the Saudi entrepreneurial landscape. From ideation and market research to business models, funding, and growth strategies, each chapter offers a blend of theoretical frameworks and practical insights to enrich the learning experience, facilitate the application of knowledge, and equip students with the skills and tools needed to thrive in this fast-paced landscape. Thus, students gain a comprehensive understanding of the opportunities and challenges that arise in the digital age within the renewable energy sector.
As an academic resource, this textbook encourages critical thinking, creativity, and the application of knowledge to real-world scenarios. Through interactive exercises, case studies, project activities, and thought-provoking discussion questions, students will be inspired to think entrepreneurially and develop the skills necessary to navigate the complexities of the energy sector.
Keywords
Entrepreneurship Ecosystem, Green Saudi Initiative, Solar Energy