The impact of green fiscal policies (carbon tax) on stimulating managerial decisions towards adopting renewable energy: A case study of the General Electricity Company of Libya (GECOL)

Abstract

This study aims to explore the role that carbon pricing can play as a fiscal policy tool in guiding and incentivizing administrative decisions toward adopting renewable energy projects within the General Electricity Company of Libya (GECOL). The study stems from a research gap identified in the researcher's previous work, which confirmed that a lack of professional skills and specialized expertise is a significant obstacle to energy transition. The study employed a descriptive-analytical approach, utilizing a questionnaire distributed to a purposive sample of department managers and decision-makers within GECOL and the Renewable Energy Authority. The results revealed a strong correlation between the perception of the financial costs of carbon emissions and the speed of green administrative decision-making. However, this effect is significantly and negatively impacted by the level of "organizational readiness" and the shortage of trained personnel. The study recommends integrating carbon pricing mechanisms into the company's financial strategy, alongside launching intensive programs to build expert capacity and ensure the effectiveness of the administrative and technological transformation.