How viable is Africa’s oil and gas industry in the wake of a global energy transition?
The 26th UN COP26 conference in Glasgow in November 2021 will look to accelerate a global drive towards a net-zero economy. To reach targets of reducing emissions, and keep global warming below two degrees Celsius, industries like oil and gas will have to adapt, and as the recently published IPCC report highlights, global action is required now to stay within this target. However, global climate policies, typically, have little relevance to the people of Africa where the current energy mix is dominated by biomass and fossil fuels. David Clark, CEO of Vysus Group, explores the viability of Africa’s oil and gas industry in the wake of a global energy transition, identifying the challenges facing the industry, future prospects, and steps companies can take to remain competitive during this transition.
