1945

Progress in the greening of Africa's industry

A business-as-usual (BAU) industrialization trajectory in Africa not only reduces the rate of growth in the medium to long term but is also unsustainable (Chapter 5). Africa consequently has no real choice if it is to industrialize but to promote the greening of industry—a sometimes difficult path. It will require painful changes in the pricing system (for example, charging users for the externalities involved in energy and water production and in the cost of cleaning up pollutants), which will need appropriate compensatory mechanisms for poorer consumers and producers. However, as this chapter will show, much—not all—industrial greening provides short-term positive returns alongside longer term gains, and some involves heavy upfront costs. Greening also will require changes in attitudes throughout the population, not just the industrial sector.

Related Subject(s): International Trade and Finance
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