Low-Carbon Energy Projects for Development in Sub-Saharan Africa : Unveiling the Potential, Addressing the Barriers, Volume 2. Results per Country
Amid rising oil prices and the adverse effects of global climate change, Sub-Saharan Africa has an unprecedented opportunity: choosing a cleaner development pathway via low-carbon energy alternatives that can reduce greenhouse gas (GHG) emissions a...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/01/19887503/low-carbon-energy-projects-development-sub-saharan-africa-unveiling-potential-addressing-barriers-vol-2-2 http://hdl.handle.net/10986/20201 |
| Summary: | Amid rising oil prices and the
adverse effects of global climate change, Sub-Saharan Africa
has an unprecedented opportunity: choosing a cleaner
development pathway via low-carbon energy alternatives that
can reduce greenhouse gas (GHG) emissions and, at the same
time, meet current suppressed energy demand and future needs
more efficiently and affordably. Indeed, countries across
the region stand to benefit from an increasing array of
financial instruments from the Clean Development Mechanism
(CDM) and Carbon Finance (CF) products to the newly created
Climate Investment Funds (CIF), with which to develop clean
and efficient energy. These and other innovative instruments
can help to channel the additional funds needed for
investing in new and existing generation assets to increase
energy services via efficiency improvements or by turning
net energy consumers into net producers in return for
avoidance of future GHG emissions. Using such instruments,
global efforts to combat climate change can provide the
region's countries energy solutions for sustainable
socioeconomic development. While opportunities for such
sustainable solutions are considerable in theory, to date,
Sub-Saharan Africa has missed out. In the context of the
CDM, for example, the region's current shares in the
project pipeline are only 1.4 percent only 53 out of 3,902
projects or nine times smaller than its global share in GHG
emissions. Thus, despite its comparatively small economies,
the region's number of CDM projects should be larger. |
|---|