WSEAS Transactions on Environment and Development
Print ISSN: 1790-5079, E-ISSN: 2224-3496
Volume 21, 2025
Onsite RES and Carbon Credit Rate as a Smart Solution to Fully Decarbonize the Textile Sector in Albania. A Case Study
Authors: ,
Abstract: Albania can explore several strategies to implement CO2 credit rates in the textile and leather sector, leveraging tools like RETScreen Expert for energy modeling and long-term energy planning. Incentivizing carbon credit rates, as a smooth pathway for textile companies to adopt sustainable practices and improved energy efficiency is analyzed. This mechanism assists in lowering operational costs, and as a result, cheaper products for consumers are assured creating a beneficial cycle for both the environment and the economy. In this regard, our approach intends to give an answer to the question of how Albania can explore specific strategies or practices in implementing CO2 credit rates in the textile and leather sector. The overall performance of production, increased availability, low costs, and socio-economic effects by applying carbon trading schemes in the textile and leather sub-branch such as CO2 credit rate as a way toward mitigation is analyzed. By investing in onsite renewable energy sources, and clean technologies and exploiting circular economy, textile and leather companies contribute to creating additional revenue streams and encouraging investment. The simulations are performed using a highly sophisticated energy modeling tool, RETScreen Expert widely used by academia and for diverse feasibility studies, including industry processes. In conclusion investing in onsite renewable energy sources (RES) within the textile and leather sub-branch, by setting a carbon price of €50/tonne and using a debt rate of 70% over 15 years, textile factories can achieve better returns on their investments. The approach we have used helps meet the National Energy and Climate Plan targets by 2030, aligning with the 1.5 oC pathway and SDGs to combat climate change and poverty as well.
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Keywords: Textile, Carbon Credit Rate, RETScreen Expert, Energy modeling tool, Onsite RES, GHGs, ZET, RECP and SDGs
Pages: 465-477
DOI: 10.37394/232015.2025.21.39