With significant investment, the Southern African Development Community (SADC) region could attain full energy access and 53 percent renewable energy capacity by 2040 while on its way towards zero-carbon growth. However, there is increasing concern that SADC countries have become economically vulnerable and increasingly unable to take on more external debt due to the ongoing constraints of the COVID-19 pandemic.
The report “Renewable Energy Transitions in a Period of Debt Distress in Southern Africa: The Role of Development Finance Institutions” by the Southern Africa Development Community Centre for Renewable Energy and Energy Efficiency, the University of Pretoria Centre for Human Rights and the Boston University Global Development Policy Center explores the role of development finance institutions (DFIs) in enabling renewable energy transitions of SADC countries. The report is a synthesis of three virtual workshops held between June-October 2021 with international experts in energy, finance and development.
Access the report here