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Supporting a just energy transition through alternative funding strategies for African hydrocarbon developments

Freeman, Baba
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Colorado School of Mines. Payne Institute for Public Policy
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2022-10-19
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Payne-Institute-Commentary-Supporting-a-Just-Transition.pdf
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https://hdl.handle.net/11124/15447
 https://doi.org/10.25676/11124/15447
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Abstract
Africa contains significant amounts of hydrocarbon reserves that contribute extensively to state revenue and facilitate social and economic development. The growth prospects for these African countries are however under threat as international financial institutions reduce their funding for hydrocarbon developments in response to global warming and its adverse effects. Given that Africa contributes less than 5 percent of global carbon emissions and has widespread energy poverty, the curtailment of funding for hydrocarbon development will create an inequitable burden on African economic development.
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