Africa's Resource Export Opportunities and the Global Energy Transition
Clara Galeazzi, Jevgenijs Steinbuks and James Cust
This paper was published on December 15 of 2020 as World Bank Live Wire brief.
Sub-Saharan Africa has vast non-fuel mineral resources that in some countries constitute major shares of their gross domestic product. The region also contains large oil and natural gas resources, which have been reliable sources of revenue for decades. The region as a whole may be able to prosper from the global shift from oil and gas to renewable energy, but individual countries will feel the impact of the shift in different ways. To predict how these impacts may be felt - and what can be done to strengthen opportunities for export - estimates of trade elasticities of hydrocarbons and nonhydrocarbon metals and minerals provide a valuable guide.