Energy Investments for Africa’s Energy Transition

Abstract

The challenge of bringing modern energy to everyone in Africa is a global challenge that requires substantial investments as well as a strong commitment to make the energy sector more effective and efficient within the single countries. This chapter suggests that both African governments and the plethora of foreign investors have the possibility to improve the situation, taking action respectively in terms of structural reforms (of power utilities and pro-poor subsidies) and in the coordination and streamlining of financial assistance. Notably EU countries and institutions-together with the World Bank Group the largest investor in energy development in the region-could easily reduce the bureaucracy and redundancy of existing electrification programs to achieve greater impact. In this process, the objective of universal clean cooking and the actual investments required to achieve it (particularly in LPG and bioenergy) should not be forgotten. PU - SPRINGER INTERNATIONAL PUBLISHING AG PI - CHAM PA - GEWERBESTRASSE 11, CHAM, CH-6330, SWITZERLAND