133 | October 2024 Introduction Opportunities for MSMEs in RE Micro, small, and medium-sized enterprises (MSMEs) The RE transition in Jordan presents significant form the backbone of Jordan’s economy, representing opportunities for MSMEs to innovate, grow, and over 99 percent of the total number of enterprises and enhance their competitive edge both locally and globally. [...] Energy storage technologies, such global demand for RE technologies grows, MSMEs in as batteries or pumped hydro storage, are essential Jordan can export their products and expertise to other for addressing the intermittent nature of RE sources countries in the MENA region and beyond, boosting like solar and wind. [...] The adoption of RE also enhances the competitiveness of MSMEs in both local and international markets by reducing their carbon footprint, thereby making them Financial barriers compliant with the global trend toward more stringent environmental standards and reducing their overhead One of the most significant hurdles for MSMEs in related to energy costs. [...] The Regulatory hurdles educational and vocational training systems have not yet fully adapted to the needs of the growing RE industry, The regulatory environment in Jordan poses another leading to a mismatch between the skills available in the significant challenge for MSMEs looking to engage in labor market and those required by the industry. [...] The lack of technical expertise and inadequate infrastructure, Social and cultural barriers particularly in rural areas, further hinder the adoption and integration of RE solutions.
- Pages
- 8
- Published in
- Egypt
Table of Contents
- Empowering MSMEs in Jordan 1
- Driving Sustainable 1
- Economic Growth through 1
- ERF Policy Brief No. 133 October 2024 1
- ERF Policy Brief No. 133 October 2024 2
- Empowering MSMEs in Jordan 2
- Opportunities for MSMEs in RE 2
- Decentralized energy production 2
- Introduction 2
- ERF Policy Brief No. 133 October 2024 3
- Driving Sustainable Economic Growth through the Renewable Energy Transition 3
- Innovation and technological advancements 3
- Job creation and economic diversification 3
- Maximizing efficiency 3
- ERF Policy Brief No. 133 October 2024 4
- Empowering MSMEs in Jordan 4
- Advancing sustainable development 4
- Considerations and challenges 4
- Financial barriers 4
- ERF Policy Brief No. 133 October 2024 5
- Driving Sustainable Economic Growth through the Renewable Energy Transition 5
- Regulatory hurdles 5
- Knowledge gap 5
- Infrastructure limitations 5
- ERF Policy Brief No. 133 October 2024 6
- Empowering MSMEs in Jordan 6
- Market dynamics 6
- Social and cultural barriers 6
- Conclusion 6
- ERF Policy Brief No. 133 October 2024 7
- Driving Sustainable Economic Growth through the Renewable Energy Transition 7
- Recommendations 7
- References 7
- ERF Policy Brief No. 133 October 2024 8
- Empowering MSMEs in Jordan 8
