Aug 17 2021
Lebanon Energy: Ready for a Prosumer System?
One year after the August 4th explosion in 2020, Lebanon continues to struggle with spiralling economic, monetary, and social crises. The growing budgetary deficit has led the Lebanese pound to lose 90 percent of its value since 2019 – at a time when global inflation continues to climb. The country’s already precarious energy system is at the brink of failure as the cost of importing fuels to meet domestic energy needs is quickly becoming out of reach.
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