Water–Energy–Food (WEF) Nexus Modelling Application to Estimate WEF Investment Portfolio in Ethiopia: A Case Study Applicable to Future Cooperative Investment in the Nile Basin
Book Chapter
Tesfaye, M, Moges, SA, Melesse, AM et al. (2021). Water–Energy–Food (WEF) Nexus Modelling Application to Estimate WEF Investment Portfolio in Ethiopia: A Case Study Applicable to Future Cooperative Investment in the Nile Basin
. 195-211. 10.1007/978-3-030-76437-1_11
Tesfaye, M, Moges, SA, Melesse, AM et al. (2021). Water–Energy–Food (WEF) Nexus Modelling Application to Estimate WEF Investment Portfolio in Ethiopia: A Case Study Applicable to Future Cooperative Investment in the Nile Basin
. 195-211. 10.1007/978-3-030-76437-1_11
Resources utilization without due regard to the environment is recognized as one of the reasons for the collapse of past civilization across the planet. The current growth-based economic model of development is believed to be unsustainable and the world needs a new sustainable development path. United Nation (UN) general assembly acknowledges the development path that does not commit to the principle of sustainability is a recipe to future disaster. The Nile basin is one of the regions of the world with water energy and food insecurity is driven by rapid socio-economic growth, investment backlog and climate change uncertainty. Regional WEF nexus understanding and cooperative regional planning and development are required for sustainable development path in the basin. This paper attempts to demonstrate the WEF nexus modelling application to sustainable WEF development and investment. The national target development of achieving lower-middle-income economic level, the national potential resources and scenario analysis method is implemented. The preliminary results indicate that Ethiopia needs at least about 113 billion US$ of total capital investment between 2021 and 2030 to achieve national targets of lower-middle-income consumption in water, energy and food. This case study demonstrates the importance of utilizing nexus models for sustainable development in shared river basins, like the Nile basin, to facilitate cooperation and joint investment.
