"Oil and gas will play a long-term role in Africa\u2019s electricity mix"

" Oil and gas will play a long-term role in Africa\u2019s electricity mix \r\nOil and gas are expected to play a long-term role in Africa\u2019s electricity mix. This is according to the African Energy Chamber. In its Q1\/2023 State of African Energy\u00a0 report , the Chamber stated that Africa is currently heavily dependent on fossil fuels for power generation.\r\n\r\nAccording to the Chamber, about 75% of the power generated in Africa between 2022 and 2023, is estimated to be generated using oil, gas and coal. The report stated:\r\n\r\n \u201cA cumulative 60% of the power generated in 2030 is expected to be from fossil fuels with oil and gas generating about 40%. Even 2040 forecast suggests close to 37% of the power generated will be using oil, gas and coal with coal still playing a 9% role and natural gas accounting for over a quarter of the power generation.\u201d \r\n\r\n Any cause for concern? \r\n\r\nShould energy transition crusaders be worried about this projection? Energy access deficits are not a secret and there is a need to tackle the challenge. According to the President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, Africa must have natural gas to complement its renewable energy.\r\n\r\nHe maintained that even if Africa were to triple its production of natural gas from current levels, its contribution to global emissions would only rise by 0.67%. Speaking on the sidelines of the COP 27 conferences in Egypt, Dr. Adesina said:\r\n\r\n \u201cNatural gas is needed to balance out the electricity supply given the intermittent nature of renewables. We must recognize the special nature of Africa. Africa has the highest level of energy poverty in the world. My interest is how Africa uses natural gas as part of its energy mix to provide electricity for 600 million people today that don\u2019t have access to electricity\u201d. \r\n\r\n What is important at the end of the day? \r\n\r\nReducing emissions! At the just concluded UAE Climate Tech conference, COP 28 President and UAE Minister of Industry and Advanced Technology, Dr. Sultan Al Jaber,\u00a0 called on \u00a0global stakeholders to work towards reducing emissions, not energy access.\r\n \r\n \t According to Dr. Al Jaber, global stakeholders need to leverage climate technologies to build a new economic development model based on putting an end to emissions, while breathing new life into economic growth. \r\n \t Al Jaber believes the world can still use hydrocarbons, and at the same time, all countries must do everything in their power to reduce and eventually eliminate the carbon intensity of that energy. \r\n \r\n \r\n \r\n "

"Oil and gas will play a long-term role in Africa\u2019s electricity mix"

Senyo Hosi Writes: So Long, My FriendsAMP

IPR Ghana Mourns Victims of Military Helicopter CrashAMP

Oil Prices Set for Dramatic Weekly Drop on Tariff FalloutAMP