Kailhao Cai's Books

Climate Change and Select Financial Instruments:An Overview of Opportunities and Challenges for Sub-Saharan Africa

By: Anna Belianska,Nadja Bohme,Kailhao Cai,Yoro Diallo,Saanya Jain,Mr. Giovanni Melina,Ms. Pritha Mitra,Mr. Marcos Poplawski Ribeiro,Solo Zerbo

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Climate Change and Select Financial Instruments:An Overview of Opportunities and Challenges for Sub-Saharan Africa

By: Anna Belianska,Nadja Bohme,Kailhao Cai,Yoro Diallo,Saanya Jain,Mr. Giovanni Melina,Ms. Pritha Mitra,Mr. Marcos Poplawski Ribeiro,Solo Zerbo

Sub-Saharan Africa (SSA) is the region in the world most vulnerable to climate change despite its cumulatively emitting the least amount of greenhouse gases. Substantial financing is urgently needed across the economy—for governments, businesses, and households—to support climate change adaptation and mitigation, which are critical for advancing resilient and green economic development as well as meeting commitments under the Paris Agreement. Given the immensity of SSA’s other development needs, this financing must be in addition to existing commitments on development finance. There are many potential ways to raise financing to meet adaptation and mitigation needs, spanning from domestic revenue mobilization to various forms of international private financing. Against this backdrop, SSA policymakers and stakeholders are exploring sources of financing for climate action that countries may not have used substantially in the past. This Staff Climate Note presents some basic information on opportunities and challenges associated with these financing instruments.

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International Monetary Fund

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ISBN 13

9798400225208

Harnessing Renewables in Sub-Saharan Africa

Barriers, Reforms, and Economic Prospects

By: Kailhao Cai,Thibault Lemaire,Andrea Medici,Mr. Giovanni Melina,Gregor Schwerhoff,Sneha D Thube

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Harnessing Renewables in Sub-Saharan Africa

Barriers, Reforms, and Economic Prospects

By: Kailhao Cai,Thibault Lemaire,Andrea Medici,Mr. Giovanni Melina,Gregor Schwerhoff,Sneha D Thube

Sub-Saharan Africa needs to significantly accelerate its electricity generation. While hydropower is prominent in some countries, solar and wind power generation has lagged other world regions, even though sub-Saharan Africa has some of the most favorable conditions. A mix of domestic and external financing can increase both renewable electricity generation and GDP. In a scenario where about $25 bn in climate finance flows are allocated annually to renewable energy, renewable electricity production could be up to 24 percent higher than in a scenario excluding this financing, and annual GDP growth would be boosted by 0.8 percentage point on average over the next decade, accompanied by stronger labor demand in the electricity sector. Policies can help catalyze climate finance. An ambitious package of governance, business regulations, and external sector reforms is associated with a 20 percent increase in climate finance flows and a 7 percent increase in electricity generation over five years. In addition, implementing climate policies is linked to increases in green foreign direct investment announcements and green electricity production.

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