Greening Africa? Technologies, endowments and the latecomer effect
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.
|Date of creation:||01 May 2012|
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