AfDB head urges steps to lessen reliance on fossil fuels worldwide

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Dr. Akinwunmi Adesina, group president of the African Development Bank (AfDB), claims that quick action is required to lessen the world’s reliance on fossil fuels and to maximize Africa’s renewable energy resources.

At the Berlin Energy Transition Debate, which was hosted by the German Federal Government, the AfDB president made this declaration in a statement.

Adesina emphasized Africa’s achievements and its tremendous potential to lead the world in sustainable development, but she also emphasized the major energy issues that millions of Africans still faced.

He said to achieve the United Nations Sustainable Development Goal (SDG) Seven of affordable, reliable, sustainable and modern energy for all, Africa must connect 90 million people annually to electricity by 2030.

The bank president added that 130 million people must annually transition off of hazardous cooking fuels on the continent.

He acknowledged the size of the task, adding that between 2020 and 2040, Africa’s energy revolution will cost an estimated $100 billion yearly.

Adesina asserted that rather than being exported as raw materials, Africa’s significant cobalt, manganese, and platinum reserves might be used to establish a thriving manufacturing industry.

Alluding to Europe’s push for emissions-free vehicles, he said, “Africa is a crucial source for minerals and metals for clean energy value chains, including electric vehicles and utility-scale battery storage. Africa is the perfect place to build lithium-ion batteries to power German cars.”

In order to construct decarbonized economies, the president also acknowledged green hydrogen as a low-carbon investment.
With 86% of its power generation investments going toward renewable sources and a restriction on coal energy projects, he reaffirmed that the AfDB was leading efforts to unleash Africa’s enormous potential for renewable energy.

Adesina maintained that natural gas must play a significant role in Africa’s diverse energy mix in order to ensure a reliable energy supply for businesses and homes.

“Africa, just like Germany and Europe, must be given time to transition and be allowed to use its natural gas resources as a transition fuel. While Africa will do everything possible to expand the use of renewable energy, the intermittent sources, such as wind and solar, made it impossible to guarantee the security of supply. Natural gas is, therefore, a key part of the energy mix for assuring the security of supply and critical for Africa,” Adesina said.

In order to confront the climate issue and halt the cycle of reliance that has afflicted Africa for decades, Kenyan President William Ruto challenged the audience to accept the challenge of true collaboration.

According to German Federal Minister for Foreign Affairs Annalena Baerbock, the energy transition is essentially about security, and moving away from fossil fuels is necessary for maintaining global security.

The German Renewable Energy Federation, the German Solar Association, the German Energy Agency, and consultancy firm eclareon collaborated to create the annual Berlin Energy Transition Debate.

Several influential people from the energy sector, including decision-makers and representatives from business, science, and civil society, attend the meeting.

It offers a forum for exchanging opinions and ideas for a secure, cost-effective, and sustainable global energy transition.

 

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