The next global crisis
Africa’s renewable energy financing gap
Bibliographic Data
| ID | 21791998 |
|---|---|
| Authors | Michael Olabisi (0000-0001-7082-1531, Michigan State University, corresponding author), Robert B Richardson (0000-0001-7113-3896, Michigan State University), Adesoji O Adelaja (0000-0002-0250-9308, Michigan State University) |
| Year | 2023 |
| Volume | 15 |
| Issue | 6 |
| Pages | 501-508 |
| Publication date | 2023-07-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Climate and Development (JOURNAL) |
| Journal identifiers | ISSN: 1756-5529 • E-ISSN: 1756-5537 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/17565529.2022.2113022 |
| OpenAlex | W4295174016 |
| Language | EN |
| Citations received | 2 |
| References cited | 37 |
Energy consumption across the African continent is expected to increase sharply in the next two decades, largely due to population growth, urbanization, and rising incomes. Much of the energy consumption is in the form of wood biomass, kerosene, and diesel. Africa’s energy demand trajectory points to a future scenario where its contribution to global greenhouse gas emissions will threaten global sustainability. Furthermore, existing supply capacity is unlikely to meet the rising demand for energy. Africa’s transition to renewable energy is needed to balance future energy supply and demand with climate-related externalities. A key barrier to this solution is Africa’s energy finance gap, which calls for a concerted effort by investors in Africa’s energy markets and governments, as well as global development partners. We highlight the direct link between Africa’s energy finance gap and the long-run scenario for the global climate crisis
Economic growth · Economics · Energy consumption · Energy policy · Energy supply · Energy transition · Environmental impact of the energy industry · Greenhouse gas · Natural resource economics · Population · Renewable energy · Sustainability · Urbanization · Energy and Environment Impacts · Global Energy and Sustainability Research · Hybrid Renewable Energy Systems
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,67 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |