Said, Rahimah (2024) Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry. Masters thesis, Universiti Teknikal Malaysia Melaka.
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Abstract
The palm oil industry is a significant driver of the global economy, with widespread applications in the food, cosmetic, and biofuel sectors. However, the industry's production processes have substantial environmental impacts, including high greenhouse gas (GHG) emissions, deforestation, and water pollution. As sustainability and climate action become increasingly important global priorities, there is a pressing need to address the environmental footprint of the palm oil industry. Renewable energy technologies offer promising solutions to mitigate these environmental impacts. By integrating clean energy sources, the industry can reduce its reliance on fossil fuels, lower its carbon emissions, and improve its overall sustainability. This master's project explores the potential of renewable energy technologies in the palm oil industry through the development of a marginal abatement cost curve (MACC) analysis.Decision-makers in the palm oil industry often lack comprehensive data and analysis to guide their investments in renewable energy solutions. While some renewable energy options have seen exploration in the industry, a systematic assessment of their cost-effectiveness and barriers to adoption is necessary to inform strategic decision-making and support the industry's transition towards sustainability. This study aims to: 1) identify the renewable energy technologies applicable and viable for the palm oil industry, 2) develop a MACC to analyze the cost-effectiveness of the identified renewable energy options, and 3) assess the economic feasibility and barriers hindering the widespread adoption of these renewable energy technologies in the palm oil sector. The research methodology followed a multi-step approach, including a comprehensive literature review, MACC development, ranking of the renewable energy alternatives based on their cost-effectiveness, sensitivity analysis, and examination of the economic feasibility and barriers.The MACC analysis provided valuable insights for decision-makers in the palm oil industry. The ranking of the renewable energy options based on their cost-effectiveness revealed that certain biomass and biogas technologies are the most promising solutions, with relatively low marginal abatement costs. Solar PV systems were also identified as viable options, though they had higher marginal abatement costs compared to the biomass and biogas alternatives.The sensitivity analysis showed that the discount rate used in the MACC calculations can significantly impact the ranking and perceived cost-effectiveness of renewable energy technologies. This underscores the importance of considering a range of discount rates to ensure robust decision-making.The study identified several key barriers to the widespread adoption of renewable energy technologies in the palm oil industry, including high upfront capital costs, limited access to financing, lack of technical expertise, and unfavorable policy and regulatory frameworks. To address these barriers, the researchers propose the following recommendations: policymakers should implement targeted incentives to support the adoption of cost-effective renewable energy technologies, the palm oil industry should invest in capacity-building programs to enhance technical expertise, further research is needed to refine the MACC analysis and explore innovative financing mechanisms, and the MACC framework should be expanded to other industries and sectors to facilitate the identification and evaluation of cost-effective sustainable solutions. By implementing these recommendations, the palm oil industry can accelerate its transition towards a more sustainable and environmentally friendly future, contributing to global efforts in climate change mitigation and sustainable development.
| Item Type: | Thesis (Masters) |
|---|---|
| Uncontrolled Keywords: | Palm oil industry, Renewable energy technologies, Environmental impact |
| Subjects: | T Technology > T Technology (General) T Technology > TJ Mechanical engineering and machinery |
| Divisions: | Library > Tesis > FTKIP |
| Depositing User: | Muhamad Hafeez Zainudin |
| Date Deposited: | 27 Dec 2024 16:03 |
| Last Modified: | 27 Dec 2024 16:03 |
| URI: | http://eprints.utem.edu.my/id/eprint/28318 |
| Statistic Details: | View Download Statistic |
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