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Abstract African countries are in a unique position to reap the socio-economic and environmental benefits of renewable resources as a means for meeting increasing energy demand in a sustainable way. A critical obstacle for the deployment of renewable energy technologies in Africa is the difficulty of attracting sufficient and affordable finance. This paper compares the impact of financial conditions on the cost of electricity generation across six renewable and three fossil-based technologies in 46 African countries. The results show large cost variations and highlight the extent to which renewables are disadvantaged by current financial practices. The energy-economy-environment model TIAM-ECN is used to show how lowering financing costs results in a much higher deployment of renewables. For example, solar PV could account for 10–15% of total electricity generation by 2050, even without explicit climate policy, thanks to financial de-risking programmes. The results demonstrate that changes in financing schemes could outweigh the impact of technology learning. This paper also demonstrates that, once ambitious climate policies are in place, reducing financing costs for renewables could be an efficient way to lower greenhouse gas emissions. Financial de-risking is thus a key ingredient for unlocking the renewable energy potential in Africa. Highlights • We show how renewables are disadvantaged by today's financial practices in Africa. • We show how lower financing costs result in a higher deployment of renewables. • PV can account for 10–15% of electricity generation by 2050 without climate policy. • Changes in financing schemes could outweigh the impact of technology learning. • Financial de-risking is key for unlocking the renewable energy potential in Africa. [ABSTRACT FROM AUTHOR]

In the fight against global climate change, improving energy efficiency and reducing related emissions are critical to mitigating sustainability issues such as global warming. In this regard, technological progress is known to improve energy efficiency and reduce related emissions. However, previous sustainability studies on Africa have paid less attention to energy and emission efficiency convergence among countries, along with the contribution of technological progress to the continent's sustainability. Accordingly, this paper develops a novel framework that assesses energy and emission efficiency convergence, gauges technology inequality, identifies the barriers to technology diffusion, and explores the factors influencing energy and emission efficiency convergence in Africa. The proposed framework incorporates Data Envelopment Analysis (DEA), several economic convergence concepts, a K-means clustering model, the concept of efficiency Gini coefficient, and a group-based inequality decomposition method. We empirically covered 39 African countries from 2006 to 2018. The results show that African countries are, on average, 71.1% energy efficient and 65.3% CO 2 emission efficient, leaving more room for energy saving and emissions reduction. Second, there is strong evidence of convergence in energy and emission efficiencies in Africa. Third, despite the observed convergence process, there is significant heterogeneity between two research groups (i.e., low-and high-efficiency groups of countries) in terms of energy and emission efficiencies, with persistent technology inequality suggesting a lower contribution of environmental technological advancements to the continent's sustainability. Furthermore, cross-group inequality is the primary barrier to technology diffusion. Fourth, regional cooperation accelerates the convergence process in the two efficiency indicators. While economic development, industrial structure, and renewable energy consumption (REC) tend to favor energy and emission efficiency growth, rising foreign direct investment (FDI) and energy prices have a negative impact. Meanwhile, the effects of energy prices, FDI, and REC on emission efficiency are insignificant. Based on our findings, we discussed policy implications to promote energy and emission efficiency convergence and narrow environmental technology gaps. • Convergence in Total-factor energy and emission efficiency in Africa is explored. • Technology inequality across African countries is measured. • There is strong evidence of convergence in TFEE and TFCEE in Africa. • A persistent technology inequality is found among African countries. • Cross-group efficiency inequality is the main barrier to technology diffusion. [ABSTRACT FROM AUTHOR]