Greening Africa? Technologies, endowments and the latecomer effect
AbstractAfrica 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Economics.
Volume (Year): 34 (2012)
Issue (Month): S1 ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/eneco
Africa; Climate change; Energy; Renewable; Leapfrog; Latecomer;
Other versions of this item:
- Paul Collier & Tony Venables, 2012. "Greening Africa? Technologies, endowments and the latecomer effect," Economics Series Working Papers WPS/2012-06, University of Oxford, Department of Economics.
- Paul Collier & Anthony J. Venables, 2012. "Greening Africa? Technologies, endowments and the latecomer effect," CSAE Working Paper Series 2012-06, Centre for the Study of African Economies, University of Oxford.
- Paul Collier & Anthony J Venables, 2012. "Greening Africa? Technologies, endowments and the latecomer effect," OxCarre Working Papers 089, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
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