The IEA’s Net Zero to Hit Non-OECD Countries Energy Future
[…] Renewable energy will of course form a key component of Africa’s future. But for a continent that is still presently power-starved, coal, oil, natural gas and nuclear must and will continue to represent a large proportion of energy investment in the short to medium-term.
Investment needs to come within Africa more than it does from abroad. Many Western firms are still wary of major investment in light of unstable political conditions, pointing to politicized jurisdictions and a range of leading multi-national companies that have got stuck in legal quagmires lasting decades, including Shell, ENI, and Lundin, to name just a few.