Oil in Namibia: Economic Opportunity or Overstated Potential?

This paper asks if an over-emphasis on Namibia’s upstream petroleum prospects, still to be confirmed through final investment decisions, could risk sidelining the need to prioritise renewables? The paper argues that Namibia’s long-term growth vision should be renewables-focussed while not discounting that oil remains a viable option if it is transparently governed and kept free of corruption. The study urges prioritising the development of a diversified energy economy.