Aliko Dangote, CEO of Dangote Refinery, discussed the complexities of transitioning from fossil fuels to renewable energy during the UNGA 79. He underscored that while necessary, this shift will take time, stressing Africa’s current energy crisis. Dangote affirmed the need to use natural gas and coal concurrently with renewable investments, advocating for African leadership in energy solutions amid climate challenges.
During a dialogue at the 79th United Nations General Assembly in the United States, Aliko Dangote, CEO of Dangote Refinery, expressed his insights regarding the transition from fossil fuels to renewable energy. He acknowledged that this shift will require significant time and resources, particularly for Africa, where pressing issues, including fuel shortages and inadequate electricity supply, currently prevail. Dangote asserted that while a full transition to renewables is essential, Africa must simultaneously utilize available resources such as natural gas and coal to meet its immediate energy needs. Dangote stated, “Transitioning doesn’t happen in one day. It will happen over a period of time. If we are going to move from where we are straight into renewable, we will die.” He highlighted that approximately 600 million Africans lack electricity, necessitating a dual approach that combines the use of traditional energy sources with a gradual transition to renewables. He pointed out that “if we don’t have fuel, what do you do? We are transitioning from the fossil fuel to compressed natural gas.” Furthermore, he stressed the capacity of oil to produce over 6,800 products, indicating its continued importance in the economy.
The remarks by Aliko Dangote occur in the context of Africa facing severe energy challenges despite its minimal contribution to global greenhouse gas emissions. According to reports from the African Development Bank (AfDB) and the World Meteorological Organization (WMO), the continent is exceptionally vulnerable to adverse effects from climate change, including food security threats and environmental degradation. Reports suggest that 110 million individuals in Africa suffered from weather-related issues in 2022, equating to an economic loss of around $8.5 billion. Moreover, research initiated by the United Nations Environment Programme (UNEP) estimates that Africa may need upwards of $50 billion annually by 2050 to adapt effectively to climate change. This reality underlines the urgency of finding viable energy solutions within the region itself.
In conclusion, Aliko Dangote advocates for a methodical approach to Africa’s transition from fossil fuels to renewable energy, emphasizing the importance of addressing immediate energy needs while investing in long-term sustainable solutions. His commitment to fostering the renewable sector aligns with the necessity for African-led initiatives to secure the continent’s energy future amidst ongoing climate challenges. Ultimately, Dangote’s perspective encapsulates a balanced pathway that respects both present realities and future aspirations for energy sustainability in Africa.
Original Source: nairametrics.com
