Conference of the Parties (COP27): Africa’s time to shine?

  • Date: 21-Nov-2022
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:Egypt
  • Who else needs to know?

Conference of the Parties (COP27): Africa’s time to shine?

Described as the ‘African COP’, the recently concluded COP27 held in Egypt’s Sharm el Sheikh region (6 - 18 November) was set to shine a spotlight on Africa’s role in the energy transition. Africa finds itself in a unique position when it comes to the climate crisis. Despite being responsible for only three to seven percent (http://bit.ly/3V4bhiO) of global greenhouse gas emissions (estimates vary), Africa is likely to be at the forefront of the extreme weather consequences. Africa’s susceptibility to the impacts of climate change will herald significant challenges in the coming years, in both human and economic terms. With agriculture accounting for some 23 percent of total GDP in sub-Saharan Africa, both increasing water scarcity and unpredictable flooding, for instance, will destabilise agricultural markets, and negatively affect economic growth.

At the same time, the continent’s energy needs are growing. Sub-Saharan Africa’s population is expected to reach 2.2 billion by 2050 (http://bit.ly/3VgJn2W) and with only 67 percent of the population (http://bit.ly/3ENYrjr) with access to electricity currently – or rather 600 million people without (http://bit.ly/3hWXvQH), governments will need to produce more energy more quickly. With this top of mind, the governments of Democratic Republic of Congo, Ghana, Kenya, Nigeria and others under