An oil platform offshore Angola
Outlook 2024: Transition must balance sustainability with social cost
Many African nations rely on oil and gas revenues, but a just transition will need a careful balance
The global energy transition is underway, with policymakers seeking to decarbonise the energy mix to secure a sustainable future for the planet. This, of course, is in everyone’s interest and it’s a common goal that humanity should rightly focus on. However, the pace and shape of this energy transition is markedly different between the developed and developing world. There are diverse views on how an equitable and just global transition can be delivered to meet climate goals, while allowing developing nations to grow their economies to the benefit of their populations, as well as ensuring there is sufficient energy supply to meet growing global demand. Despite trillions of dollars’ worth of
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
