Alternative Mining Indaba: Financing a Just Energy Transition — Is Africa Ready?
9 May 2022
These sessions were organized in partnership with Econews Africa, Oxfam, Publish What You Pay (PWYP) and Tax Justice Network Africa and are a continuation of the series, "East and Southern Africa Civil Society Energy Transition Joint Capacity-building and Road To COP27."
As companies cut back on new exploration and investment due to a potential decline in demand, fossil resources risk remaining stranded assets in oil- and gas-producing countries. For countries dependent on oil, this poses a risk of lost revenues. As countries look for new alternative sources of revenue, Issues of tax injustice, resource-backed loans and increasing debt may increase.
This session as part of the 2022 Alternative Mining Indaba sought to highlight the potential risks of the energy transition for investment, taxation, and revenue mobilization and identify possible alternatives to address the revenue gap and domestic resource mobilisation challenges that may arise from the energy transition.
Alvin Mosioma, Tax Justice Network Africa
Riva Jalipa, Oxfam, Kenya
Dimas Sinoa, Centre for Democracy and Development, Mozambique
Webby Banda, Centre for Trade Policy and Development