The role of energy in economic transformation

Koketso Molefhi


Many countries, especially in Africa are still having challenges with regards to their energy demand. Botswana, like the rest of them is not immune to these challenges. Owing to the fact that country is unable to meet its current energy demand although it has abundant coal reserves, and one of the highest solar irradiation in the world, there is a burning need to address this as energy is one of the key drivers for any economy to thrive. In its economic tranformation agenda drive, the role of the energy sector presents an opportunity for Botswana to move towards not only being self reliant and self sufficient but also become the net exporter of energy. Hence, the need to tap into all sources of energy for the benefit of the country and find more sustainable means to transforming the economy through the energy sector. The energy sectors therefore has an undoubtedly large enviromental footprint. Energy prodiction accounts for about 71 percent of global green house gas emmisons and therefore any attempt to address issues of climate change in the energy sector, there must be a full transformation of how energy is supplied and consumed and innovation is central to this transformation.


Economics and Energy Sustainability,Economic Transformation

Full Text:



Azhgaliyeva, D. 2019. Feed-in Tariffs and Loans for Boosting Private Investment in Renewable Energy. Asia Pathways.

Climate Change Indicators in the United States: Global Greenhouse Gas Emissions - Updated August 2016

Economic Recovery & Transformation Plan 2020/21 – 2022/2023. Ministry of Finance and Economic Development, Government of Botswana, 2020.

Frankfurt School-UNEP Centre/Bloomberg New Energy Finance. 2019. Global Trends in Renewable Energy Investment 2019. Frankfurt: Frankfurt School of Finance & Management gGmbH.

OECD. (2011). Energy, OECD Green Growth Studies, OECD Publishing

UN Environment 2018 Annual Report

Yergin, D., and Gross, S. (2012). Energy for Economic Growth; Energy Vision Update, Prepared in Partnership with IHS CERA.

Balchin, N., Booth,D., and Willem te Velde,D.(2019). How economic transformation happens at the sector level: evidence from Africa and Asia, ODI, London SE1 8NJ.

IEA/IRENA Global Renewable Energy Policies and Measures.

UN Environment and the World Bank Group. 2017. Roadmap for a Sustainable Financial System.



  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Open Science Journal (OSJ) is multidisciplinary Open Access journal. We accept scientifically rigorous research, regardless of novelty. OSJ broad scope provides a platform to publish original research in all areas of sciences, including interdisciplinary and replication studies as well as negative results.