The AfCFTA and Transformative Industrialisation • WORKING PAPER
4. Energy transition enablers The prerequisites for the transformation of the African energy sector are largely in place. Crucial factors, in addition to know-how and technology, are the political and regulatory environment. Technology solutions are abundant, cost-competitive with fossil fuels, and are ready to be deployed. The necessary elements, such as stable energy systems, reliable regulatory and financial policy frameworks, ambitious policy goals and appropriate markets (including regional ones), however, need to be realised by addressing barriers to renewable energy development outlined above. Building on the structural barriers identified above, the figure below presents seven energy transition enablers that should be available if African countries are to make universally accessible and resilient, modern, decarbonised power sectors a reality by 2050.
Figure 2: Energy transition enablers and the barriers (universal and sectoral)
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