Climate finance in the renewable energy sector in Africa: To what extent can it help combat global warming while stimulating economic development? – Analysis of Morocco

Details

Supervisors

Candelon, Bertrand

Faculty

Louvain School of Management

Degree label

Master [120] : ingénieur de gestion, à finalité spécialisée

Abstract

In recent years, climate change has become a major concern. Indeed, numerous global agreements have been adopted to reduce CO2 emissions, the main greenhouse gas responsible for global warming. However, while reduction targets are well established, emissions are quite unevenly distributed. Africa, as a very minor emitter, is particularly vulnerable to the consequences. On the same continent, many initiatives are being undertaken to meet the Paris Agreement targets by 2030. Through climate finance, some countries are receiving funds or accessing various types of financing that enable them to develop projects aimed at mitigating the effects of climate change or improving adaptation, notably by investing in renewable energy. However, although the funding received is significant for the beneficiary countries, its distribution across the continent is highly inequitable, despite a considerable energy potential. This study aims to analyse, using a quantitative approach with linear regression models, the impact of climate finance invested in renewable energy in Africa on both CO2 emission reductions and the continent's economic development. The goal is to understand to what extent climate finance in renewables can mitigate the effects of global warming while transforming Africa's energy potential into tangible economic benefits.