Browsing: IEA

Green Hydrogen, Solar Power, Renewable energy in Africa, Solar energy in Africa, European Investment Bank report

Africa Insights: The $1 trillion green hydrogen future of Africa

Industry and Trade
  • Green hydrogen is defined as hydrogen produced by splitting water into hydrogen and oxygen using renewable electricity.
  • Green hydrogen is the future for Africa, especially in the wake of transitioning from old ways of energy production to modern systems featuring clean, renewable energies.
  • The conversation on clean and renewable energy has become interesting over the years as technology and finance in the sector grows.

Africa has the potential to produce $1.06 trillion worth of Green hydrogen energy, according to a European Investment Bank report dubbed ‘Africa’s Extraordinary Green Hydrogen Potential’.

Global demand for hydrogen is projected to rise seven fold by 2050, with Egypt, Kenya, Mauritania, Morocco, Namibia and South Africa primed to ride the demand for green energy.

Another report by Africa Green Hydrogen Alliance by 2050 asserts that green hydrogen could increase the GDP of the six nations by $126 billion, equivalent to 12 percent of their GDP.…

www.theexchange.africa

OPINION: African liquefied natural gas makes sense for Europe, now and going forward

Industry and Trade

For practical reasons, European gas buyers need to find a way to make up for the supplies missing from Russia. And for both policy and practical reasons, Brussels wants to deny Moscow the opportunity to continue using gas supplies as a blunt instrument with which to threaten Europe in the future.

The change isn’t going to be immediate. Reducing Russia’s profile in the EU’s energy mix will take time. But the process of supply reduction is underway, and it has already opened up new opportunities for African gas producers to acquire market share in Europe. I expect those opportunities to last beyond the near term as the EU attempts to establish a new combination of gas suppliers to replace Russia over the next few years. 

I also hope Africa’s emerging gas producers take advantage of new LNG technologies, such as the modular Fast LNG solutions offered by New Fortress Energy…

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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 should adopt the 10-point plan by IEA to reduce oil and fossil fuel consumption

Industry and Trade
  • 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 …