The AfCFTA and Transformative Industrialisation • WORKING PAPER
6. The role of international cooperation in green energy transition It is estimated that the average cost of reducing emissions in developing economies (including Africa) is about half the level in advanced economies. Thus, while all countries need to bring down emissions, clean energy investments in emerging and developing economies are deemed a particularly cost-effective way to tackle climate change. This is because where clean technologies are available and
affordable – and financing options available – integrating sustainable, smart choices into new buildings, factories and vehicles from the onset is much easier than adapting or retrofitting at a later stage (IEA, 2021). It is for this and many other reasons that development assistance from advanced countries is highly touted as important to achieving a net-zero emission feature.
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