Africa exports the bulk of its oil and gas to other economies
African countries must benefit from transition
Renewables expertise must be improved on continent for economies to gain, says panel
African nations should ensure that local supply chains benefit from the transition to a low-carbon economy rather than bringing in foreign skills and products, according to experts speaking at a Rystad Energy seminar this week. The energy transition is already under way in African nations, with all 54 countries signing up to the Paris Agreement and the vast majority submitting nationally determined contributions, which outline how they will mitigate and adapt to climate change. Licensing rounds for oil and gas in African nations over the past year have received lower bids as a result of the approaching energy transition and falls in the price of oil. “We need the regulatory framework,
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