Book Description
Among the challenges facing Africa's energy sector is the dearth of sustainable financing. The reasons for this challenge include are inadequate capacity of local funding sources to finance energy projects, inefficient offtakers, high interest rates among others. This implies that although Sub Saharan Africa have abundant renewable energy and natural gas resources, more than 40% of the population do not have access to electricity. This investment challenge is exacerbated by COVID-19. A report by the International Energy Agency (IEA) shows that the Global Investment in energy supply dropped by US$79 billion between 2019 and 2020. The report acknowledges in symphony with all observers that the Covid-19 was a huge shock to the energy system. However, in looking forward, the recovery plans from 2021 onwards present an opportunity to steer the energy sector onto a more resilient, secure, and sustainable path. In the mix of these opportunities and challenges, this study uses a systematic review to critically explores the role of green bonds in complementing existing sources of funding to finance sustainable energy in Sub-Saharan Africa.