World Economics

 Back to Previous Page
Title: Investing in green growth for sustainable development in Africa
Author: Hippolyte Fofack
Published: September 2015
Pages: 185-190
   Download Paper
An overview of the distributional impact of global warming shows that the negative externalities of carbon-intensive development models are already significant in Africa. The most compelling reasons for promoting green investments in Africa is the direct economic returns in terms of savings and employment opportunities. Most renewable energy jobs created over the last few years have occurred outside Africa possibly another missed opportunity after the information and communication technology (ICT) revolution. Carbon-free technologies must not be used to sustain income inequality and macroeconomic imbalances between industrialized and developing countries, but to uniformly boost green investments.

Download Paper in PDF format