The Role of Energy Companies in Africa's Just Transition | Business Edge | 13/10/2023
A just energy transition is taking center stage in the most radical global transformation of the energy system. The transition is particularly relevant in Africa, where the continent is grappling with the challenge of alleviating energy poverty amidst a rapidly growing population projected to reach at least 2.4 billion by 2050, exerting pressure on existing energy resources.
The challenges facing Africa's oil and gas sector as the world accelerates its transition away from fossil fuels are significant, and affected countries need to consider options to encourage necessary investments and build long-term resilience.
In the midst of this, the oil and gas industry is facing increasing demands to clarify the implications of energy transitions for their operations and business models. Although the transformation of the energy sector can happen without the oil and gas industry, but it would be more difficult and more expensive.
Host: Tolulope Adeleru-Balogun
Guest: Anibor Kragha, the executive secretary of the African Refiners and Distributors Association
#africa #africafirst #news #newscentral #business
Follow News Central On:
Facebook: https://www.facebook.com/NewsCentralAfrica
Twitter: https://twitter.com/NewsCentralTV
Instagram: https://www.instagram.com/newscentraltv
For more content, go to: https://newscentral.africa
#NewsCentral #AfricaFirst #Africa #News #Politics
