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1. Roadmap to Zero-Carbon Electrification of Africa by 2050: The Green Energy Transition and the Role of the Natural Resource Sector (Minerals, Fossil Fuels, and Land)

Author:
Jeffrey D. Sachs, Perrine Toledano, and Martin Dietrich Brauch
Publication Date:
01-2022
Content Type:
Special Report
Institution:
Columbia Center on Sustainable Investment
Abstract:
All Africans—whether living in urban or rural areas—need access to affordable, clean, efficient, reliable, climate- proof, and renewable energy for both residential and productive uses to achieve sustainable development objectives. This report sets out a comprehensive and actionable roadmap for Africa’s zero-carbon energy transformation by 2050, with most advances achieved by 2030. Natural resource management in minerals, fossil fuels, and land sits at the core of the strategy. The world is moving to decarbonization by 2050. This is the dominant geopolitical message of 2021, appearing, for example, in U.S. President Joe Biden’s online summit with world leaders in April 2021 and in the new IEA Report on Net Zero by 2050: A Roadmap for the Global Energy Sector. Africa will be part of this global trend. Prospective oil and gas projects in Africa will no longer be pursued as overseas markets and financing will shrink. At the same time, Africa’s vast renewable energy potential, in the solar and hydropower sectors especially, will engage increasingly bankable and highly attractive investments. In net terms, Africa has a huge amount to gain from a decisive build-up of renewable energy and the capacity to produce the minerals, hardware, and software of the new zero-carbon energy economy. Starting from a simple and transparent model of the annual investment volumes needed to provide continent-wide access to electricity based on renewable sources (Section 2), the report addresses various imperatives and challenges regarding Africa’s energy planning (Section 3) and financing (Section 4) and outlines recommendations for immediate implementation of the strategy from 2022 (Section 5).
Topic:
Climate Change, Development, Energy Policy, Environment, Sustainable Development Goals, Sustainability, Decarbonization, and Energy Crisis
Political Geography:
Africa

2. COVID-19 and Land-based Investment: Changing Landscapes

Author:
Clarisse Marsac, Nathaniah Jacobs, and Tehtena Mebratu-Tsegaye
Publication Date:
05-2021
Content Type:
Special Report
Institution:
Columbia Center on Sustainable Investment
Abstract:
The Covid-19 crisis has affected nearly all elements of the global economy, including the landscape of land-based investment (LBI). In addition to increased demand for land-based investment, especially among low- and middle-income countries which saw decreasing revenue and increasing spending in the first year of the pandemic, the crisis has also caused changes in the ways of doing business among host governments, home governments, and private sector actors involved in LBI. This report details and reflects on select Covid-19--related LBI developments in the short term, and potential longer-term shifts relevant to land-based investment practices in Sub-Saharan Africa and Southeast Asia. It also suggests possibilities for how a post-Covid economic recovery could improve practices for sustainable and responsible LBI.
Topic:
Development, Economics, Sustainability, and COVID-19
Political Geography:
Africa, Asia, Southeast Asia, and Sub-Saharan Africa

3. Go out and manufacture: Policy support for Chinese FDI in Africa

Author:
Nikia Clarke
Publication Date:
11-2013
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
Energy investments and infrastructure contracts remain prominent in China's Africa engagement. However, investment in manufacturing makes up a significant proportion of Chinese outward foreign direct investment (FDI). Its characteristics–large numbers of smaller transactions by privately owned small and medium-sized firms–make these flows difficult to assess or control. However, China and African governments have an interest in effectively channeling this type of FDI.
Topic:
Development, Economics, Industrial Policy, International Trade and Finance, Markets, and Foreign Direct Investment
Political Geography:
Africa and China

4. The backstory of China and India's growing investment and trade with Africa: Separating the wheat from the chaff

Author:
Harry G. Broadman
Publication Date:
02-2011
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
The dramatic increase in recent years of trade and foreign direct investment (FDI) in sub-Saharan Africa by firms from Asia—notably China and India—has become an emotionally charged issue. This is not surprising, since the resulting greater integration into international markets is exposing African firms and workers to greater competition, an inevitable by-product of development in today's globalized economy. Most assessments of this topic, with few exceptions, have relied on anecdotes and subjective judgments. Meaningful policy recommendations require systematic, objective analysis.
Topic:
Development
Political Geography:
Africa, China, India, and Asia

5. Why and how least developed countries can receive more FDI to meet their development goals

Author:
Ken Davies
Publication Date:
06-2011
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
The 48 least-developed countries (LDCs), most of them in sub-Saharan Africa and a few in Asia, need foreign direct investment (FDI) to help meet their development targets. The FDI they now receive, although inadequate, is enough to demonstrate that investors see potential in them. It is therefore realistic for LDCs to seek more FDI, but they need to enhance their investment environments to attract it in the much greater quantities required. Donors can help by targeting official development assistance (ODA) on investment in human capital and supporting governance improvements. Meanwhile, LDCs should establish effective investment promotion agencies (IPAs).
Topic:
Development, Economics, Poverty, Foreign Aid, and Foreign Direct Investment
Political Geography:
Africa and Asia

6. Will China relocate its labor-intensive factories to Africa, flying-geese style?

Author:
Terutomo Ozawa and Christian Bellak
Publication Date:
08-2010
Content Type:
Policy Brief
Institution:
Columbia Center on Sustainable Investment
Abstract:
China has developed increasingly close economic relations with Africa in its quest for oil and minerals through investment and aid. The World Ban k recently called upon China to transplant labor-intensive factories onto the continent. A question arises as to whether such an industrial relocation will be done in such a fashion to jump-start local economic development—as previously seen across East Asia and as described in the flying-geese (FG) paradigm of FD.
Topic:
Development, Economics, and Industrial Policy
Political Geography:
Africa and China

7. Investment Opportuntities in Mekelle, Tigray State, Ethiopia

Author:
Bryant Cannon
Publication Date:
12-2009
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
Mekelle, a rapidly developing city in northern Ethiopia, is located about 780 km from the capital, Addis Ababa. Established nearly 150 years ago by Emperor Yohannes, the city is nestled in Ethiopia's temperate highlands, in the heart of a region that traces its origins back to the ancient Axum Empire that once controlled Red Sea trade (4th century BC – 10th century AD). The city maintains aproud history of many religions, particularly Orthodox Christianity, dating back to the 4th century AD. Mekelle was largely ignored in the latter half of the 20th century by Ethiopia's ruling feudal and socialist governments, but began to experience an economic and cultural rejuvenation with the election of a democratic government in Ethiopia in the early 1990s.
Topic:
Development, Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:
Africa and Ethiopia

8. Bamboo Bikes in Kisumu, Kenya

Author:
Katherine Athanasiades, Michelle Eames, Riham Hussein, and Young Rhee
Publication Date:
12-2009
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
This study was undertaken by Columbia University's School of International and Public Affairs (SIPA) with support from the Millennium Cities Initiative (MCI) at The Earth Institute. The MCI was launched in 2006 to assist selected midsized cities across sub-Saharan Africa in their efforts to achieve the Millennium Development Goals (MDG).
Topic:
Development
Political Geography:
Africa and AustralAsia

9. Foreign Direct Investment in Blantyre, Malawi: Opportunities and Challenges

Author:
Sawa Nakagawa, Abhinav Bahl, Meron Demisse, Megumi Ishizuka, Francisco Miranda, and Kwi Young Sung
Publication Date:
04-2009
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
The Earth Institute at Columbia University launched the Millennium Cities Initiative (MCI), an urban counterpart to the Millennium Villages Project (MVP), to assist nine mid-sized cities across sub-Saharan Africa in achieving the Millennium Development Goals (MDGs). MCI provides research and policy analysis to the cities in order to attract foreign direct investment (FDI). Increased FDI flows create employment opportunities by fostering local enterprise development and sustainable economic growth. In addition, MCI is helping the Millennium Cities to carry out needs assessments in a number of social sectors. The data from these assessments will enable MCI to generate integrated City Development Strategies to help each city meet the MDGs.
Topic:
Agriculture, Development, and Foreign Direct Investment
Political Geography:
Africa, United States, and United Kingdom

10. Assessing Infrastructure Constraints on Business Activity in Blantyre, Malawi

Author:
Zaki Raheem
Publication Date:
04-2009
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
In Blantyre, Malawi , population and economic growth are placing great stress on the city's infrastructure systems. As Malawi's industrial capital, long-term improvements to Blantyre's infrastructure are necessary to generate employment, strengthen rural-urban market linkage s, and improve the regional and global competitiveness of the city's industries.
Topic:
Development, Infrastructure, and Foreign Direct Investment
Political Geography:
Africa