Greening Africa? Technologies, endowments and the latecomer effect
Paul Collier and
Anthony Venables ()
No 2012-06, CSAE Working Paper Series from Centre for the Study of African Economies, University of Oxford
Africa is well endowed with potential for hydro and solar power, but its other endowments – shortages of capital, skills, and governance capacity – make most of the green options relatively expensive, while its abundance of hydro-carbons makes fossil fuels relatively cheap. Current power shortages make expansion of power capacity a priority. Africa’s endowments, and the consequent scarcities and relative prices, are not immutable and can be changed to bring opportunity costs in Africa closer to those in the rest of the world. The international community can support by increasing Africa’s supply of the scarce factors of capital, skills, and governance.
Keywords: Africa; climate change; energy; renewable; leapfrog; latecomer (search for similar items in EconPapers)
JEL-codes: Q54 Q5 Q40 O55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-ene, nep-env and nep-res
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Journal Article: Greening Africa? Technologies, endowments and the latecomer effect (2012)
Working Paper: Greening Africa? Technologies, endowments and the latecomer effect (2012)
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