Energy Security, Trade and Transition to Green Economy in Africa

Volume: 7 Number: 3 September 1, 2017
  • Opeyemi E. Akinyemi
  • Evans S. Osabuohien
  • Philip O. Alege
  • Adeyemi A. Ogundipe
EN

Energy Security, Trade and Transition to Green Economy in Africa

Abstract

Environmental challenges have enhanced renewed focus on the need to drive the economy in an economically, socially and environmentally sustainable manner; therefore resulting to the emergence of the concept of green economy. In driving the economy towards a green growth path, the pattern of trade and security of energy will play a vital role. Energy (renewable) has been identified as one of the 6 sectors that would provide trade opportunities for export markets in the transition towards a green economy, particularly for developing economies, Africa inclusive. This can be done through use of appropriate policies and trade remedies geared towards enhancing the infrastructural and technological capacities of these countries towards the exchange of environmentally friendly goods and services. Through the export of renewable energy such as solar, wind, biofuels, given their abundant supply in Africa; energy security would be achieved with transition to a greener growth path as against a “brown” or (“dirty”) growth. From the foregoing, this study explores the components of trade-offs and synergies in relation to trade and security of energy in Africa in the wake of the need for the continent to switch to green economy using a sample of 43 selected African countries (2006-2013). The data engaged are sourced from the World Development Indicators. Some important findings and their policy implications are documented in the study.

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Opeyemi E. Akinyemi This is me

Evans S. Osabuohien This is me

Philip O. Alege This is me

Adeyemi A. Ogundipe This is me

Publication Date

September 1, 2017

Submission Date

September 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 3

APA
Akinyemi, O. E., Osabuohien, E. S., Alege, P. O., & Ogundipe, A. A. (2017). Energy Security, Trade and Transition to Green Economy in Africa. International Journal of Energy Economics and Policy, 7(3), 127-136. https://izlik.org/JA57DU96AK
AMA
1.Akinyemi OE, Osabuohien ES, Alege PO, Ogundipe AA. Energy Security, Trade and Transition to Green Economy in Africa. IJEEP. 2017;7(3):127-136. https://izlik.org/JA57DU96AK
Chicago
Akinyemi, Opeyemi E., Evans S. Osabuohien, Philip O. Alege, and Adeyemi A. Ogundipe. 2017. “Energy Security, Trade and Transition to Green Economy in Africa”. International Journal of Energy Economics and Policy 7 (3): 127-36. https://izlik.org/JA57DU96AK.
EndNote
Akinyemi OE, Osabuohien ES, Alege PO, Ogundipe AA (September 1, 2017) Energy Security, Trade and Transition to Green Economy in Africa. International Journal of Energy Economics and Policy 7 3 127–136.
IEEE
[1]O. E. Akinyemi, E. S. Osabuohien, P. O. Alege, and A. A. Ogundipe, “Energy Security, Trade and Transition to Green Economy in Africa”, IJEEP, vol. 7, no. 3, pp. 127–136, Sept. 2017, [Online]. Available: https://izlik.org/JA57DU96AK
ISNAD
Akinyemi, Opeyemi E. - Osabuohien, Evans S. - Alege, Philip O. - Ogundipe, Adeyemi A. “Energy Security, Trade and Transition to Green Economy in Africa”. International Journal of Energy Economics and Policy 7/3 (September 1, 2017): 127-136. https://izlik.org/JA57DU96AK.
JAMA
1.Akinyemi OE, Osabuohien ES, Alege PO, Ogundipe AA. Energy Security, Trade and Transition to Green Economy in Africa. IJEEP. 2017;7:127–136.
MLA
Akinyemi, Opeyemi E., et al. “Energy Security, Trade and Transition to Green Economy in Africa”. International Journal of Energy Economics and Policy, vol. 7, no. 3, Sept. 2017, pp. 127-36, https://izlik.org/JA57DU96AK.
Vancouver
1.Opeyemi E. Akinyemi, Evans S. Osabuohien, Philip O. Alege, Adeyemi A. Ogundipe. Energy Security, Trade and Transition to Green Economy in Africa. IJEEP [Internet]. 2017 Sep. 1;7(3):127-36. Available from: https://izlik.org/JA57DU96AK