Building a shared agenda on green industrialization for Africa and Europe

in: Ukȧmȧ Policy Brief (February 2024), Paris: IDDRI

The clean technologies reviewed in Nigeria, Kenya, and Namibia can be opportunities for the creation of industrial jobs in the production and use of these technologies. Still, it is important to question how the deployment of these energy sources can be supportive of an industrialization pathway in other manufacturing sectors for each country. Will green energy sector development trigger or hamper national industrialization pathways. In particular, future demand for energy in a developing manufacturing sector can be a lead market to justify the future profitability of an energy sector investment. The other way around, an energy sector investment at scale is also a guarantee necessary to justify the feasibility and profitability of an investment in a manufacturing industry sector. Hence, investors need to look jointly at investments in energy sectors and in manufacturing sectors.