The World Economic Forum raised concerns over how important issues such as sustainable energy will be addressed, particularly in Africa.
“Every single African country is experiencing energy shortages and power outages. That is costing the continent 2% of its GDP,” said Donald Kaberuka, President of the African Development Bank, who addressed a press conference at the launch of the Africa Energy Leaders Group (AELG) during the 2015 World Economic Forum, which took place from 21 – 24 January in Davos, Switzerland.
“Millions of Africans, even when energy is available, have no access to it. There are millions of Africans who see power lines going up above them but they cannot access electricity,” he said, underscoring the importance of focusing on energy sustainability and energy efficiency.
To achieve this, Kaberuka observed that it was crucial to create energy markets for Africa. “It is not possible for our individual 54 countries to have energy security for their own domestic resources. We have to create viable regional markets for power. This requires a lot of policy reforms internally and regionally,” he noted.
Supporting this view, Kandeh Yumkella, the United Nations Under-Secretary General and the Chief Executive Officer of the Sustainable Energy for All initiative (SE4ALL), said sustainable development in Africa cannot be achieved without expanding the energy market.
Statistics indicate that 620 million people in Africa are without electricity. By 2050, another one million people will be added to the group.
To advance the Davos energy discussions, the AfDB hosted a SE4ALL workshop in Abidjan to discuss steps to boost Africa’s energy sector. These are policy reforms and mobilising investment. The 26 – 27 January event brought together representatives from African countries and partner organisations.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/africa-middle-east/03022015/sustainable-energy-for-africa-258/