Economic Integration and the Question of Clean Energy Strategy in the Economic Community of West African States (ECOWAS) 2012-2022
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Date
2024-12
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Lead City University, Ibadan
Abstract
The study focuses on the impact of Economic Integration as a Strategy for Affordable and Clean Energy in the Economic Community of West African States (ECOWAS), 2012-2022. The Economic Community of West African States (ECOWAS) has embarked on a path of economic integration to enhance regional development and cooperation. A critical component of this integration is the adoption of a cohesive clean energy strategy, essential for sustainable development and addressing the pressing energy needs of the region. The study adopted Physical theory & Economic Model and Real Option Theory. The sample size for the study comprised 100 individuals working in the energy sector selected five countries (Nigeria, Ghana, Togo, Liberia and Benin) out of the fifteen ECOWAS countries, ensuring a diverse and representative dataset for analysis. It employed both descriptive and inferential statistics, including the use of SPSS software for data analysis. The study finds that while ECOWAS has
made significant strides in policy harmonization and regional cooperation, substantial barriers remain, including inadequate infrastructure, limited financing, and policy implementation gaps. Additionally, there is an uneven distribution of renewable energy resources and technological capabilities across member states. The research concludes that a unified clean energy strategy is vital for the region’s sustainable development. The integration of renewable energy sources, such as solar, wind, and hydropower, can reduce the region's dependence on fossil fuels, lower greenhouse gas emissions, and improve energy security. Furthermore, leveraging regional cooperation can enhance the efficiency and effectiveness of clean energy projects through shared resources and knowledge. The study recommends that ECOWAS states strengthen regional institutions to better coordinate clean energy initiatives, attract international investments through favorable policies and incentives, and enhance capacity-building programs to develop local expertise in renewable energy technologies. Additionally, fostering public-private partnerships can accelerate the deployment of clean energy infrastructure. By addressing these key areas, ECOWAS can ensure that economic integration is complemented by a robust and sustainable clean energy strategy, fostering long-term economic growth and environmental resilience in West Africa.
Keyword: Economic Integration, Clean Energy, Strategy, ECOWAS.
Word Count: 300
Description
Keywords
Economic Integration, Clean Energy, Strategy, ECOWAS.
Citation
Kate Turabia