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N. Kidunduhu
Equally, they should pass laws issuing financial and economic incentives
so as to encourage foreign investment in their renewable energy sectors.
They should also make an effort to build technological capacity through
collaborations among government, industry and universities or through
collaborative technology networks.
Summarily, therefore, African economies are experiencing a transformative era. Africa’s energy sector and particularly its fossil fuel reserves
hold great promise to stimulate Africa’s economy and to empower expansion and development. The continent cannot, however, follow the same
carbon-intensive development route that the rest of the world took
without serious implications on climate change. African countries must
therefore adopt a blend of creative strategies that will allow them to
exploit their resources but in a manner that does not jeopardize the
climate or their commitments under the Paris Agreement.
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