Loading...

advertisement
Home Blogs > Business

AFRICA’S ENERGY TRANSFORMATION – THE RISING TIDE OF REFORM, INVESTMENT AND INNOVATION

Feb 11 '16 | By La Afrique Media | Views: 194 | Comments: 0

After decades of neglect, energy policy is starting to move centre-stage in Africa. Governments are adopting more ambitious targets for power generation, backed in some cases by far-reaching reforms of their energy sectors. Part of the impetus towards change can be traced to financing. Several governments have stepped up public spending commitments. Energy-sector reforms have unleashed a new wave of private investment. Development finance institutions are playing an expanded role, and international cooperation has moved into a higher gear.

Renewable energy is at the forefront of the changes sweeping Africa. Many governments have recognized the potential benefits of non-hydro renewable energy. The region is registering some of the most remarkable advances in solar, geothermal and wind power.
African governments increasingly recognize the benefits of developing larger regional markets. Established power pools are deepening and the rise of potential exporters has given new impetus to the development of regional grids.

Utility reform, new technologies and new business models could be as transformative in energy as the mobile phone was in telecommunications. Yet energy plans in many African countries adhere to increasingly anachronistic, centralized, grid-based energy models – and do not envisage universal access by 2030.

Insufficient attention has been paid to one of Africa’s greatest energy challenges: the use of biofuels by households. Increasing demand for clean, efficient cooking-stoves would save lives, liberate millions of women and girls from the drudgery of collecting firewood and generate wide-ranging environmental benefits. Evidence from several countries demonstrates that accelerated change is possible.

Share:
No comments
You need to sign in to comment
advertisement

Search People, News and more..

Advertise

WHY SHOULD YOU BECOME A MEMBER?

La Afrique Media has more than 100 Thousand Members. Get news and info that matter to you, a daily brief on what’s happening in your network, and a quick way to reach out and keep in touch. Connect. Find. Rate. Be found. Learn. Share & Post a Story

Become a member

Members