The Paris Climate Agreement heightens development challenges in Africa

Hippolyte Fofack

World Economics, 2016, vol. 17, issue 2, 1-29

Abstract: Although the Paris Agreement lacks a binding mechanism for capping carbon emissions, and a legally binding financial commitment to support climate change adaptation and mitigation in the developing world, it establishes a legal framework to accelerate the transition towards a low-carbon economy at the global level. The rise of the green economy under the proposed Agreement offers tremendous opportunities for growth and economic development, especially for Africa, which has abundant endowments of renewable energy and resources. African countries' ability to seize these opportunities and accomplish the transition to the low-carbon development economy articulated in the Agreement will depend on their capacity to increase their access to carbon-free technologies and to draw consistently on these technologies to expand the scope of green investments in support of structural transformation and trade diversification.

Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldeconomics.com/Journal/Papers/Article.details?ID=638 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:638

Access Statistics for this article

More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().