Africa’s Renewable Future: A Path to Sustainable Growth
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Africa's Renewable Future: A Path to Sustainable Growth
Africa is undergoing a sustained period of economic growth and transformation. Its population is growing rapidly, and its economies are developing and diversifying. In order to be sustained, this growth will need to be fuelled by a massive investment in energy.
It is this report’s contention that Africa has the potential and the ability to utilise its renewable resources to fuel the majority of its future growth with renewable energy. Doing so would be economically competitive with other solutions, would unlock economies of scale, and would offer substantial benefits in terms of equitable development, local value creation, energy security, and environmental sustainability. Such an unprecedented transformation will not happen all by itself. It can only be made possible by a concerted effort by policy makers to develop enabling
frameworks to spur investment and facilitate market development through sound policies and regional cooperation.
Africa’s Renewable Future showcases examples where this effort is already happening and can be replicated – as well as how IRENA is uniquely positioned to contribute to that work.