Energy Security, Trade and Transition to Green Economy in Africa

Akinyemi, Opeyemi and Osabuohien, E. S. C. and Alege, P. O. and Ogundipe, Adeyemi A. (2017) Energy Security, Trade and Transition to Green Economy in Africa. International Journal of Energy Economics and Policy, 7 (3). pp. 127-136. ISSN 2146-4553

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Abstract

Environmental challenges have enhanced renewed focus on the need to drive the economy in an economically, socially and environmentally sustainable manner; therefore resulting to the emergence of the concept of green economy (GE). In driving the economy towards a green growth path, the pattern of trade and security of energy will play a vital role. Energy (renewable) has been identified as one of the 6 sectors that would provide trade opportunities for export markets in the transition towards a GE, particularly for developing economies, Africa inclusive. This can be done through use of appropriate policies and trade remedies geared towards enhancing the infrastructural and technological capacities of these countries towards the exchange of environmentally friendly goods and services. Through the export of renewable energy such as solar, wind, biofuels, given their abundant supply in Africa; energy security would be achieved with transition to a greener growth path as against a “brown” or (“dirty”) growth. From the foregoing, this study explores the components of trade-offs and synergies in relation to trade and security of energy in Africa in the wake of the need for the continent to switch to GE using a sample of 43 selected African countries (2006-2013). The data engaged are sourced from the World Development Indicators. Some important findings and their policy implications are documented in the study

Item Type:	Article
Uncontrolled Keywords:	Energy Security, Green Economy, Sustainable Development, International Trade
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	10 Jan 2019 09:34
Last Modified:	10 Jan 2019 09:34
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/12273

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