Towards A Southern Africa Development
Community (SADC) Model To Assess Financing
Options Of Renewable Energy Technologies
Author(s)
V. H. van Zyl-Bulitta, B. Amigun & A. C. Brent
Abstract
Access to energy in the form of electricity and fuels is a necessary requirement
for sustainable development. Despite the resource abundance for Renewable
Energy Technology (RET) in Africa, the potential of RETs is still
underexploited. In light of the COP15 meeting, RET is a focal point in the
response to global challenges, such as climate change and energy security, and
the investment landscape in RET and energy efficiency has recently undergone
considerable transformation. To realise its potential, investment in RET
infrastructure is critical for Southern Africa. However, the development of
sustainable energy is curbed in the region by the lack of adequate and secure
finances. A plethora of generic technological and non-technological restrictions,
such as scarce political support and poverty, impede RET (financial) support and
adoption. A deeper understanding of the consequences of different energy
policies could positively influence stakeholders, gain investor confidence, and
subsequently contribute to the global community. The financial valuation of
factors that are important for RET introduction, pertaining to the risks of RETs,
are described through a systems dynamics approach. Specifically, issues in the
social and environmental spheres are discussed by means of a Southern African
case study. By applying such an approach, through a further research agenda, it
is envisaged that RET implementation may be accelerated.
Keywords: energy finance, system dynamics, renewable energy, Africa.
Keywords
energy finance, system dynamics, renewable energy, Africa
Related Book
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