The authors of this report argue that Africa has the potential and the ability to use 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, according to the authors. They contend such an unprecedented transformation can only be made possible by a concerted effort by policymakers to develop enabling frameworks to spur investment and facilitate market development through sound policies and regional cooperation. The report highlights examples where such as effort is happening and can be replicated.

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Renewable energy