Original article General Economics and Teaching

SUSTAINABILITY OR ECONOMIC GROWTH: AFRICA’S GREEN TRANSITION

Eduard Marinov - New Bulgarian University
Received: 12 Dec 2024
Revised:
Published:
Downloads: 0
Citations: 0
Book 4/2024
JEL Q01 Q5 O55
DOI https://doi.org/10.56497/etj2469403

Abstract

The pursuit of sustainable development in Africa is becoming increasingly critical in light of the exacerbation of environmental vulnerabilities resulting from climate change. Despite contributing less than 4% of global greenhouse gas emissions, the continent faces significant challenges, including droughts and energy access issues that threaten economic stability. This article examines the interdependent relationship between sustainability efforts and economic growth in Africa, proposing that a transition towards renewable energy can stimulate industrial growth and generate employment opportunities. The future prospects of the green transition in Africa are outlined, focusing on the potential of gas resources and renewable energy to combine with economic development. A SWOT analysis is employed to facilitate a systematic evaluation of the benefits and challenges associated with the green transition, with particular attention paid to the potential barriers. The article presents some policy recommendations for integrating sustainability into national strategies and urges the global community to enhance support for Africa's green transition, with the objective of achieving a resilient future.

How to cite this article

Marinov, E. (2024). Ustoychivost ili ikonomicheski rastezh: Zeleniyat prehod na Afrika (Sustainability or Economic Growth: Africa’s Green Transition). Economic Thought Journal, 69 (4), 464-484 (in Bulgarian).https://doi.org/10.56497/etj2469403

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