About this Event:
The drive to move away from fossil fuels accelerated rapidly in 2019, especially in public opinion in the OECD countries. This creates new questions about investment flows into Africa and the reliability of market demand for exports of African oil and gas. African countries, as you know, are on board with the need to tackle climate change and follow the 2015 Paris Agreement. Yet, the developed and developing countries respond differently to the need for an energy transition. The African continent with its massive energy resources, still faces energy poverty and access challenges. The need to cope with the increasing population growth, escalating industrialisation and urbanisation, have inevitably led to an increase in the consumption and demand of energy resources including oil, gas and renewables on the continent. It is against this stark background that this conference highlights the practical issues associated with the shift from extractives to a low carbon economy in the context of Africa.