IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 10 NO. 3 2024
DOI: https://doi.org/10.56201/ijssmr.v10.no3.2024.pg163.179

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The Green Transition in Africa: Balancing Environmental Sustainability with Economic Development

Eze, Kenechi Kingsley, Chibuzor, Chigozie Nweke, Okafor, Jude Chukwuemeka, Osita James Igweike

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Abstract

This study explores how technology and policy can support a green transition in Africa, balancing environmental and economic goals. It examines successful green initiatives as models for future projects. The research highlights collaboration among stakeholders (governments, communities, NGOs) as key. An in-depth qualitative case study review was used in the study. Results revealed that the Great Green Wall exemplifies how African nations can leverage diverse expertise and resources for a large-scale environmental project. Innovative financing mechanisms, like Kenya's green bonds, was a testament to how such a project could attract private capital for climate action. Green bonds channel funds towards renewable energy and sustainable development. Strong governance frameworks was shown to be essential for successful implementation. Rwanda's plastic bag ban highlighted the importance of clear policy, robust enforcement, and public awareness campaigns. The study recommends fostering collaboration, exploring green financing solutions, and establishing strong governance frameworks for future green initiatives in Africa. This collaborative and well-financed approach, coupled with effective governance, can pave the way for a sustainable future where environmental and economic progress go hand in hand.

keywords:

Green Transition, Africa, Stakeholder Collaboration, Green Financing, Governance

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References:

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Akuru, M. R., Ijumba, Y. N., & Amole, P. T. (2018). Renewable energy and economic growth in
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Assunção, J., Nassarro, J. R., & Rocha, R. (2015). A tale of two policies: The impact of input
subsidies and credit on Brazilian agriculture. World Development, 74, 136-152.

Ellerman, A. D., Buchner, B. K., & Carraro, C. (2010). The European Union emissions trading
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