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1 week ago
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Author of the article:
Stu McNish • Special To The Sun
Published Sep 13, 2024 • Last updated 0 minutes ago • 1 minute read
Energy is the backbone of every economy. With it, economies grow, without it, they are stagnant.
Africa is energy impoverished.
According to the International Energy Agency, “African economies that were already hard hit by the COVID-19 pandemic are further challenged when you factor in Russia’s invasion of Ukraine, which sent food, energy and other commodity prices soaring.”
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According to NJ Ayuk of the African Energy Chamber, “These crises are also compromising many parts of Africa’s energy systems. … They are deepening the financial difficulties of utilities, increasing risks of blackouts and rationing and they’re contributing to a sharp increase in extreme poverty.”
“It doesn’t need to be this way,” Ayuk says. “Africa has plenty of what it takes to produce electricity. The continent has abundant reserves of hydrocarbons — at least 125.3 billion barrels of crude oil, 509 trillion cubic feet of natural gas. More than enough resources to support renewables, enough sunlight to support 1,000 gigawatts of solar generation, enough running water to support 350 gigawatts of hydropower generation, enough wind to support turbines that can generate 110 gigawatts of power, and enough geothermal energy to support 15 gigawatts of capacity.”
Ayuk of the African Energy Chamber joined a Conversation That Matters about how to utilize those resources to ignite economies throughout Africa. Learn More about our guests career at careersthatmatter.ca
Join us for Conversations Live, Sept. 16 with Green Leader Sonia Furstenau, Sept. 17 with Conservative Leader John Rustad and Sept. 19 with NDP Leader David Eby.
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English (US) ·