Renewable energy has been considered as the solution to the hydra-headed problems of energy security, energy access and climate change, especially in Africa. In addition, renewable energy sources, such as the sun, wind, wave and waste abound in Africa are in need of investment. In order to provide both policy and investment guidance, this study investigates the drivers of renewable energy demand in oil-producing African countries. Three panel data models – a random effect model, a fixed effects model and a dynamic panel data model – are used to estimate renewable energy demand with a comprehensive set of determinants. The estimation results indicate that the main drivers of renewable energy in oil-producing African countries are real income per capita, energy resource depletion per capita, carbon emissions per capita and energy prices. The study recommends that policies should encourage the consumption of commercial sources of renewable energy to attract the needed investments.
Aligning a financial system with sustainable development does not happen automatically. The increasing scale and sophistication of Africa’s financial system alone will not achieve it. Indeed, international evidence amply demonstrates that financial and capital markets can — and often do — become detached and fail to adequately serve the long-term needs of inclusive sustainable development.
Long-lived infrastructure is inherently exposed to climate risks through its longevity, irreversibility and high initial capital cost. Major transport infrastructure is often designed for a lifetime measured in many decades and may be operational in a future climate that will be significantly different to the historical climate commonly used for planning and design. This policy brief focuses on port infrastructure in sub-Saharan Africa. It investigates the climate change risks, the use of climate services in decision-making and makes recommendations for actions to enhance the resilience of port infrastructure. It summarises a more comprehensive paper prepared to support the scoping phase of the Future Climate for Africa (FCFA) programme for the ports sector.
This policy brief focuses on large hydropower infrastructure in sub-Saharan Africa. It investigates the climate change risks and the use of climate services in decision-making and makes recommendations for actions to enhance the resilience of hydropower schemes. It summarises a more comprehensive paper prepared to support the scoping phase of the Future Climate for Africa (FCFA) programme for the hydropower sector.
