Africa falling behind in the Energy Transition Pursuit
African Countries have acknowledged that they are falling behind in embracing the energy transition currently taking place among the developed countries. This is because most African countries would have to increase their electricity consumption before renewable could have an impact.
It was proclaimed during the World Energy Congress in Abu Dhabi Yesterday that Gas would play a critical role in both driving up this baseload and cutting carbon emissions. Access to capital would be essential to assist in building the infrastructure necessary for regional power distribution.
The World Energy Congress enables dialogue amongst Ministers, CEOs, policy-makers and industry practitioners on critical developments in the energy sector.
The current level of electricity access in Africa is around 50 percent , which is lower against an average of 90% across the rest of the globe. Africa needs to increase its electricity access to up to about 75 percent or 80 percent before the talk of a transition in Africa.
The figures by the International Energy Agency holds it that the continent of Africa still has an estimated 600 million people without stable access to electricity.
With major countries embarking on the path of ‘Energy Transition’ in efforts to address the challenges of energy security, energy sustainability, and affordability, African countries will have to address the issue of energy insecurity from both the demand and the supply side and also find an alternative source of energy which is sustainable.
This should be an important consideration for all those involved in the energy sector. Also in pursuit of sustainability and security, affordability should also be factored in so that it also makes economic sense to developing nations.
Since the Energy transition is taking the form of capital intensive, knowledge-based and tech-savvy sector. African countries will need to invest and build the capacity of its people in readiness for the Energy Transition.