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Energy Transition and the Future of Oil, Coal and Gas Extraction

8 April 2022 4:00AM EAT

  • Event

  • Ending 6:00AM EAT

These events were organized in partnership with Econews Africa, Oxfam, Publish What You Pay (PWYP) and Tax Justice Network Africa.

Africa is at a crossroads. It faces the vagaries of climate change, looming commitments around energy transition and a planned development path based on using its extractive resources to reduce poverty and inequality. Under the Paris Agreement, developed and developing countries pledged to limit the increase in global average temperature to well below 2 °C and to continue efforts to limit it further to 1.5 °C above pre-industrial levels. To limit global warming to 1.5°C, global emissions must reach net zero by 2050, according to the United Nations Intergovernmental Panel on Climate Change. Meeting this target requires a large-scale mobilization of political and economic capital to accelerate the process of replacing carbon-intensive energy infrastructure with low-carbon energy sources.

As part of a new webinar series, "East And Southern Africa CSO Energy Transition Joint Capacity-Building and Road To COP27," NRGI hosted a session on 8 April to discuss the link between climate change and energy transition, focusing on the oil, coal and gas sectors. Based on available research, this session highlighted recent shifts, emerging paradigms and risks and opportunities that exist and how the fossil fuel sector may change or be affected, as well as key considerations that governments and citizens should make to achieve sustainable development. The potential risks and uncertainties that current and future oil producers might face, and whether investing in national oil companies could be a risky bet.

  • Theonestina Kassiga, program associate, NRGI
  • David Manley, senior economic analyst, NRGI 
  • Parvin Ngala, Horn, East & Central Africa (HECA), Oxfam International
  • Edgar Odari, executive director, EcoNews Africa (Moderator)
  • Veronica Zano, Oxfam Southern Africa.

The first event in the series focused on climate change and energy transition, from a conceptual angle and the concrete global trajectory it is taking, including the global positions and commitments that have been taken to achieve net zero. It also touched on issues of technology, innovation and financing of climate change and energy transition initiatives.

Photo by Gerard Koudenburg for Shutterstock