On June 2, 2021, OPEC, in collaboration with the African Power Fee (“AFREC”), the African Petroleum Producers’ Group (“APPO”), the African Refiners and Distributors Affiliation (“ARDA”), and the African Power Chamber (“AEC”) (www.EnergyChamber.org) hosted the primary OPEC-Africa Power Dialogue to advertise continent-wide cooperation initiatives.
On the AEC we’re proud and humbled to have been invited to such an impressive dialog, the place each private and non-private gamers have been capable of voice out their concepts, considerations, and options for the issues our vitality trade is going through as we speak.
Within the first installment of the OPEC-Africa Dialogue, the high-level contributors addressed problems with nice significance to Africa’s vitality trade, reminiscent of vitality poverty, vitality transition and the financing of tasks throughout the extremely accelerated transition to a decrease carbon future. The important thing factors highlighted throughout the OPEC-Africa Dialogue included:
- Power poverty continues to be one of many main challenges African international locations face to this date, and it’s anticipated to develop exponentially within the following years. A sudden swift to a zero-carbon future will solely exacerbate such downside, leaving many Africans with out entry to energy, consequently affecting well being methods, industries, economies, and the lives of hundreds of thousands of Africans. On this matter, Secretary Basic Barkindo famous that vitality stakeholders ought to work collectively to make sure an equitable distribution of vitality that leaves nobody behind.
- All sources of vitality are required to deal with vitality poverty and to spice up African economies. Secretary Basic Barkindo famous that the OPEC will proceed to advocate for a balanced and inclusive vitality transition that promotes all vitality sources and prioritizes the funding wants in Africa.
- A finance plan for the continent’s vitality sector is required to proceed creating vitality tasks. Contemplating the latest place of main institutional and non-institutional traders, Africa wants a plan to search for different sources of funding.
Our Government Chairman famous the significance of permitting African international locations to take advantage of their carbon impartial fuel assets to sort out vitality poverty. It’s unfair to ban African international locations from exploiting their assets after they have solely been chargeable for lower than 2% of the world’s carbon emissions. “The concept that western nations and the IEA consider that each African will drive a Tesla by 2030 just isn’t in any manner related to a way of actuality. I’m anxious that is the considering that defines vitality coverage. Africans want electrical energy to energy our properties, hospitals, create jobs and alternatives for therefore many younger individuals. Overseas assist, grants and handouts is not going to get us to Internet Zero”. Said NJ Ayuk. “We have to work on a powerful African place and narrative on vitality transition. Oil and pure fuel are a part of our future and the requires divestment towards oil and fuel firms are worse than the requires divestment towards Apartheid. We should defend our pure useful resource trade and oil and fuel firms. Africa is blessed to have H.E. Barkindo main and talking for our trade throughout these important occasions” Concluded Ayuk.
Mr. Anibor Kragha of ARDA added that “ARDA, together with AFREC and APPO, is absolutely dedicated to this laudable OPEC initiative and that it’ll in the end make sure that Africa’s full vitality potential is realized and our residents’ future vitality calls for are met with cleaner petroleum merchandise, particularly low-sulfur fuels and LPG for clear cooking within the close to time period.”
In closing the videoconference, OPEC Secretary Basic, Mohammad Sanusi Barkindo mentioned: “Africa will proceed to be an integral and important participant within the oil and fuel trade’s long-term efforts to satisfy the rising vitality wants of the world’s quickly rising inhabitants”.
On the AEC we consider that this primary OPEC-Africa Dialogue is an efficient step on the appropriate route. It is rather constructive that the non-public sector was invited to the discussions, as they’ll proceed to type an important a part of Africa’s efforts to deal with vitality poverty with the brand new challenges introduced by the accelerated Power Transition.
The AEC is decided to assist African international locations implementing methods to take advantage of their pure assets in a sustainable method and to spice up their vitality sectors in the good thing about their inhabitants. The AEC and our board members are robust proponents of properly thought and punctiliously designed methods for African international locations to transition to a decrease carbon future with out leaving their residents and assets behind. We’re dedicated in helping African private and non-private stakeholders in addressing the problems our trade is going through as we speak, and we’re wanting ahead to working carefully with the OPEC in attaining these outcomes.
Distributed by APO Group on behalf of African Power Chamber.
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