AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

CAPE TOWN: African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as necessary to expanding economies and electricity access, the continent’s top energy official said on Tuesday.

The African position, criticised by environmental groups, could overshadow global climate talks in Sharm El-Sheikh seeking to build on the previous Glasgow summit and make good on financing targets by rich nations to poorer countries that have fallen far short of the promised $100 billion a year by 2020.

“We recognize that some countries may have to use fossil fuels for now, but it’s not one solution fits all,” said Amani Abou-Zeid, the African Union (AU) Commissioner for Infrastructure and Energy.

“It is not time to exclude, but it is the time to tailor solutions for a context,” she told Reuters on the sidelines of an oil and gas conference.

An AU technical study attended by 45 African countries on 16 June seen by Reuters outlined that oil and coal will play a “crucial role” in expanding modern energy access over the short to medium term.

In tandem with renewable sources, Africa also sees key roles for natural gas and nuclear energy.

“Our ambition is to have fast-growing economies, competitive and industrialised,” Abou-Zeid said.

‘AFRICA HAS WOKEN UP’ Seen as a renewable hub given its vast solar, wind and hydrogen potential, Africa also has around 600 million people in its sub-Saharan region living without electricity and almost 1 billion citizens without access to clean energy for cooking.

However, critics point out that in African countries with large fossil fuel reserves, proceeds have mostly been used to feather the nests of corrupt political elites and have not helped alleviate general poverty or energy poverty.

In Angola and Nigeria, Africa’s leading oil producers for decades, access to electricity in 2021 for the population was just 40% and 57%, respectively, the World Bank says, and top producer Nigeria has the world’s largest energy access deficit.

Fast-growing Africa produces less than 4% of total global emissions and is looking to monetize new gas and oil finds, some of the largest this decade, to help plug European demand after major supplier Russia invaded Ukraine and subsequently turned off gas supplies to EU economies. “Africa has woken up and we are going to exploit our natural resources,” said Uganda Energy Minister Ruth Nankabirwa Ssentamu.

“There is no way you can develop any economy, any society without energy,” said Omar Farouk Ibrahim, secretary general of the African Petroleum Producers’ Organisation. “We are talking about coal, we are talking oil and we are talking about gas. At this time we are not discriminating,” he told Reuters.

Outside the conference venue Cape Town convention centre, a handful of Extinction Rebellion activists poured a reddish, oily mixture over their heads to protest.

Comments

Comments are closed.