The Organization of Petroleum Exporting Countries (OPEC) held the first ever virtual Ministerial Roundtable Discussion on Energy, Climate and Sustainable Development on Monday 6 September 2021, in which ministers, senior officials, high-level decision and policymakers and industry experts led a strong discussion on the key issues and opportunities surrounding global climate change mitigation. As the African Energy Chamber (AEC) (www.EnergyChamber.org) representative, Rolake Akinkugbe-Filani, CCO – Africa, Mixta Africa and Advisory Board Member of the AEC, provided valuable insight about Africa’s position on the global climate change agenda.
The need for a collaborative, multilateral approach to climate change mitigation worldwide became a recurring theme at the OPEC-led roundtable, with participants emphasizing the need for developing countries to adopt their own strategies in a move to protect the environment. Unlike developed countries, which boast energy security and accessibility, developing countries continue to suffer from lack of development and high energy poverty rates. Accordingly, Akinkugbe-Filani, in her presentation, emphasized the role that an adapted approach to mitigation will play in ensuring Africa’s energy development.
With the value of multiple energy source utilization a key topic in the discussion, and by emphasizing the continent’s young and fast-growing population, Akinkugbe-Filani suggested that “Africa has a right to consume more electricity” and should be allowed to develop its resources to fulfil increasing energy demand. Specifically, Akinkugbe-Filani noted that “what all African countries have in common is their low levels of greenhouse gas emissions.” Therefore, the continent should not suffer in the name of climate change, but should be allowed to develop their own strategies, in line with common global objectives. Notably, Akinkugbe-Filani emphasized the role that natural gas will play in Africa, and that “A short term priority should be how to harness these resources in a sustainable way. The gas sector is a key driver of this dynamic. We are not calling for a zero-sum approach, multiple sources can exist in Africa, with many countries already utilizing natural gas.”
Additionally, with the objective to make energy poverty history by 2030, Akinkugbe-Filani insisted that job creation and local capacity building must comprise top of the climate change agenda in developing countries. According to Akinkugbe-Filani, “whether Africa embarks on a rapid change to renewables or continues with hydrocarbon development, African jobs must come first. The growth of the industry leads to job creation, and we need to harness the energy sector to work for local development.” Introducing a new and valuable point to the overall discussion, Akinkugbe-Filani promoted the continent’s innovation, emphasizing that Africa is ready to take their seat at the table.Distributed by APO Group on behalf of African Energy Chamber.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.