SUSTAINABILITY OR ECONOMIC GROWTH: AFRICA’S GREEN TRANSITION

The pursuit of sustainable development in Africa is becoming increasingly critical in light of the exacerbation of environmental vulnerabilities resulting from climate change. Despite contributing less than 4% of global greenhouse gas emissions, the continent faces significant challenges, including droughts and energy access issues that threaten economic stability. This article examines the interdependent relationship between sustainability efforts and economic growth in Africa, proposing that a transition towards renewable energy can stimulate industrial growth and generate employment opportunities. The future prospects of the green transition in Africa are outlined, focusing on the potential of gas resources and renewable energy to combine with economic development. A SWOT analysis is employed to facilitate a systematic evaluation of the benefits and challenges associated with the green transition, with particular attention paid to the potential barriers. The article presents some policy recommendations for integrating sustainability into national strategies and urges the global community to enhance support for Africa's green transition, with the objective of achieving a resilient future.

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Publication Details

Journal
Economic Thought journal
Published
2024-12-13
DOI
https://doi.org/10.56497/etj2469403
Primary Topic
Innovation and Socioeconomic Development
Type
article
Field-Weighted Citation Impact
0.00
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article

SUSTAINABILITY OR ECONOMIC GROWTH: AFRICA’S GREEN TRANSITION

Едуард Маринов
Economic Thought journal
Innovation and Socioeconomic Development
article

SUSTAINABILITY OR ECONOMIC GROWTH: AFRICA’S GREEN TRANSITION

Едуард Маринов
article en

Abstract

The pursuit of sustainable development in Africa is becoming increasingly critical in light of the exacerbation of environmental vulnerabilities resulting from climate change. Despite contributing less than 4% of global greenhouse gas emissions, the continent faces significant challenges, including droughts and energy access issues that threaten economic stability. This article examines the interdependent relationship between sustainability efforts and economic growth in Africa, proposing that a transition towards renewable energy can stimulate industrial growth and generate employment opportunities. The future prospects of the green transition in Africa are outlined, focusing on the potential of gas resources and renewable energy to combine with economic development. A SWOT analysis is employed to facilitate a systematic evaluation of the benefits and challenges associated with the green transition, with particular attention paid to the potential barriers. The article presents some policy recommendations for integrating sustainability into national strategies and urges the global community to enhance support for Africa's green transition, with the objective of achieving a resilient future.

Economic Thought journalVol. 69(4)
Openalex Percentile: Top 57%
Innovation and Socioeconomic Development
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