Africa concerned about high energy prices
African energy leaders see global climate framework uncertainty, high energy prices, and commodity prices as the critical issues driving Africa’s energy agenda this year, according to the 2014 World Energy Issues Monitor, released by World Energy Council (WEC) at the regional Energy Indaba held this week in South Africa.
The African views are in contrast with the global view, where high energy price volatility has for the first time replaced climate framework as the top critical uncertainty.
Bonang Mohale, WEC Vice-Chair Africa, commented at the report launch at the Africa Energy Indaba which was held in Johannesburg, South Africa this February.
“Our African survey finds that, in contrast with the global findings, climate framework has become an even more critical issue. Africa is dramatically vulnerable to climate change, and Africans are becoming more aware that climate change is an urgent and real issue rather than something that only countries with large emissions should worry about.”
In Africa, electricity supply remains a critical concern, with growing demand, lack of required investment, and increasing power shortages across the continent. Renewable energy remains a high-priority issue.
The report captures the views of over 800 energy leaders including ministers, chief executives and the heads of the WEC’s national members committees covering 84 countries.
In its global findings, climate framework uncertainty is now perceived by energy leaders to have less impact than in the previous three years of the study. Meanwhile, carbon capture, utilisation and storage (CCUS) continues to be viewed as a technology having limited impact.
Distributed by APO (African Press Organization) on behalf of the World Energy Council (WEC).