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.� Africaâ€™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 Africaâ€™s supply of the scarce factors of capital, skills, and governance.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number WPS/2012-06.
Date of creation: 01 May 2012
Date of revision:
Africa; Climate change; Energy; Renewable; Leapfrog; Latecomer;
Other versions of this item:
- Collier, Paul & Venables, Anthony J., 2012. "Greening Africa? Technologies, endowments and the latecomer effect," Energy Economics, Elsevier, vol. 34(S1), pages S75-S84.
- 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
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
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