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Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry

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 wa...

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Main Author: Said, Rahimah
Format: Thesis
Language:English
English
Published: 2024
Subjects:
T Technology (General)
TJ Mechanical engineering and machinery
Online Access:http://eprints.utem.edu.my/id/eprint/28318/1/Development%20of%20marginal%20abatement%20cost%20curve%20%28MACC%29%20to%20analyze%20renewable%20energy%20technology%20for%20the%20palm%20oil%20industry.pdf
http://eprints.utem.edu.my/id/eprint/28318/2/Development%20of%20marginal%20abatement%20cost%20curve%20%28MACC%29%20to%20analyze%20renewable%20energy%20technology%20for%20the%20palm%20oil%20industry.pdf
http://eprints.utem.edu.my/id/eprint/28318/
https://plh.utem.edu.my/cgi-bin/koha/opac-detail.pl?biblionumber=124257
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id my.utem.eprints.28318
record_format eprints
institution Universiti Teknikal Malaysia Melaka
building UTEM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknikal Malaysia Melaka
content_source UTEM Institutional Repository
url_provider http://eprints.utem.edu.my/
language English
English
topic T Technology (General)
TJ Mechanical engineering and machinery
spellingShingle T Technology (General)
TJ Mechanical engineering and machinery
Said, Rahimah
Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry
description 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.
format Thesis
author Said, Rahimah
author_facet Said, Rahimah
author_sort Said, Rahimah
title Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry
title_short Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry
title_full Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry
title_fullStr Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry
title_full_unstemmed Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry
title_sort development of marginal abatement cost curve (macc) to analyze renewable energy technology for the palm oil industry
publishDate 2024
url http://eprints.utem.edu.my/id/eprint/28318/1/Development%20of%20marginal%20abatement%20cost%20curve%20%28MACC%29%20to%20analyze%20renewable%20energy%20technology%20for%20the%20palm%20oil%20industry.pdf
http://eprints.utem.edu.my/id/eprint/28318/2/Development%20of%20marginal%20abatement%20cost%20curve%20%28MACC%29%20to%20analyze%20renewable%20energy%20technology%20for%20the%20palm%20oil%20industry.pdf
http://eprints.utem.edu.my/id/eprint/28318/
https://plh.utem.edu.my/cgi-bin/koha/opac-detail.pl?biblionumber=124257
_version_ 1819914743738007552
spelling my.utem.eprints.283182024-12-27T16:03:45Z http://eprints.utem.edu.my/id/eprint/28318/ Development of marginal abatement cost curve (MACC) to analyze renewable energy technology for the palm oil industry Said, Rahimah T Technology (General) TJ Mechanical engineering and machinery 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. 2024 Thesis NonPeerReviewed text en http://eprints.utem.edu.my/id/eprint/28318/1/Development%20of%20marginal%20abatement%20cost%20curve%20%28MACC%29%20to%20analyze%20renewable%20energy%20technology%20for%20the%20palm%20oil%20industry.pdf text en http://eprints.utem.edu.my/id/eprint/28318/2/Development%20of%20marginal%20abatement%20cost%20curve%20%28MACC%29%20to%20analyze%20renewable%20energy%20technology%20for%20the%20palm%20oil%20industry.pdf 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. https://plh.utem.edu.my/cgi-bin/koha/opac-detail.pl?biblionumber=124257
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