Browsing: COP 27 and Africa

African countries have been at a crossroads of whether to continue adopting the green energy transition in full throttle, or tap into the myriad economic opportunities, presented by the Russian-Ukraine war.

African gas has gained prominence in the global energy market pertinently from Europe, as it seeks to wean itself off Russian gas, through its ‘REPowerEU Plan’. The Plan is targeted at saving energy, producing clean energy and diversifying energy supplies. Hence, oil and gas producing countries in Africa, have been rushing to cash in on this ‘dash for gas.’

Oil and natural gas-producing countries in Africa like Mozambique, Nigeria, Libya, Egypt, Cameroon, DRC, Angola, Namibia, Algeria, Ghana, Gabon, Mozambique and Equatorial Guinea among others; have an invaluable window of opportunity, to contribute largely to the global energy landscape. These nations have been facing the dilemma of whether to give in to pressure from the West, to switch from fossil…