Browsing: global oil demand

Wind and fossil fuel power generators. Africa is primed for a shift to renewable energy which will provide access to energy to those who are cut off from the system. www.Wind and fossil fuel power generators. Africa is primed for a shift to renewable energy which will provide access to energy to those who are cut off from the system. [Photo/NYT]
  • Africa is facing a dilemma between mining fossil fuels and adopting cleaner sources of energy
  • Due to the Russia-Ukraine crisis, oil prices could jump even further than the US$129 a barrel
  • The IEA 10-point plan will open up job creation, skills transfer, technological development opportunities and new industries such as electric mobility

Africa is facing a dilemma between mining fossil fuels and adopting cleaner sources of energy. On one side, fossil fuels contribute immensely to the gross domestic products of most nations in the continent and stopping the mining of oil looks like “self-sabotage”. On the other hand, the world is experiencing harsh weather conditions due to climate change caused by the mining of these fossil fuels. There is a colossal force to mitigate and eventually halt these challenges.

How are African governments manoeuvering past this conundrum?

The decision appears like a mountain to climb, considering Africa is discovering new …