Abstract
Climate change and extractive industry are two important global streams that are linked to each other in that risks associated with the former can adversely affect different areas of the extractive sector, while the activities of the latter can contribute to climate change. Yet, this nexus is hardly clearly articulated in the context of implications for the environment and economic considerations in Africa. Assessing key literature on the two themes, the paper argues that the link of extractive industry with climate change can have both negative and positive implications for environmental protection and the economy in Africa. The nexus of climate change and the extractive sector can be negative in that unsustainable extractive processes in terms of their outcome of deforestation and energy use are an important source of carbon emission contributing to global warming. The nexus can be positive in that it involves initiatives that can contribute to sustainable extractive sector and thereby reduce carbon emissions underlying climate change. Keywords: Africa, climate change, extractive sector, environmental protection, economic implications. JEL Classification: Q51, Q58, N5
Highlights
Climate change, according to the Preamble of the Paris Agreement (2015)1 and Goal No 13 of the United Nations Sustainable Development Goals (2015),2 is a global concern due to its adverse effects on mankind
Reviewing the existing key literature on the themes, this paper argues that the nexus of climate change and the extractive industries can have both negative and positive implications for environmental protection and the economy in Africa
As demonstrated in the paper, the nexus of climate change and the extractive industry can bring about environmental harm in that unsustainable extractive processes in terms of its outcome of deforestation and energy use are a significant source of carbon emission contributing to global warming
Summary
Climate change, according to the Preamble of the Paris Agreement (2015) and Goal No 13 of the United Nations Sustainable Development Goals (2015), is a global concern due to its adverse effects on mankind. 77; Collier et al, 2008) note that climate change and related hazards are projected to rise in degree, but, the nexus of climate change and extractive industry, and more importantly, their implications for the protection of the environment and economic development are not explored. Reviewing the existing key literature on the themes, this paper argues that the nexus of climate change and the extractive industries can have both negative and positive implications for environmental protection and the economy in Africa
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