Africas's Energy ChallengesPublished on 08.03.2016
15 min read
© Thinkstock - Energy will fuel Africa's development.
Two out of three Africans do not have access to modern, reliable energy sources. The continent's energy needs are therefore considerable, especially given the fact that the population is expected to double by 2050. Many obstacles are preventing Africa from effectively leveraging the potential of its extensive fossil and resources, a situation that may have been made worse by declining global raw material prices, slower global growth and, in some countries, local governance issues. In other respects, however, the current environment is favorable. The successful conclusion of the Paris Climate Summit in December 2015 has created wide support to develop low-carbon energy sources. As a result, Africa may be able to transition directly to a sustainable energy future, thus bypassing the traditional path followed by the industrialized world. The use of decentralized solar systems could bring about a genuine energy revolution.