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Investing in green growth for sustainable development in Africa

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  • Hippolyte Fofack

Abstract

An overview of the distributional impact of global warming shows that the negative externalities of carbon-intensive development models are already significant in Africa. The most compelling reasons for promoting green investments in Africa is the direct economic returns in terms of savings and employment opportunities. Most renewable energy jobs created over the last few years have occurred outside Africa possibly another missed opportunity after the information and communication technology (ICT) revolution. Carbon-free technologies must not be used to sustain income inequality and macroeconomic imbalances between industrialized and developing countries, but to uniformly boost green investments.

Suggested Citation

  • Hippolyte Fofack, 2015. "Investing in green growth for sustainable development in Africa," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 16(3), pages 185-190, July.
    • Handle: RePEc:wej:wldecn:623
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=623
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