European countries have been scrambling for alternative sources of gas after the continent's former top supplier, Russia, slashed exports in apparent retaliation for Western sanctions over Moscow's invasion of Ukraine in February.
SHARM EL SHEIKH - Wealthy Western nations facing an energy crunch are eyeing natural gas in Africa at the expense of supporting green transition in poorer countries, climate activists at COP27 charge.
"We don't have to follow the footsteps of the rich world that actually caused climate change in the first place." "We are in favour of a just and fair green transition, instead of decisions that harm our development process," Senegalese President Macky Sall told some 100 world leaders last week at COP27.
"We have 600 million people in Africa who don't have access to electricity at all. We have over 900 million people in Africa who do not have access to modern form of energy for cooking or domestic heating," he said.But advocacy groups were not convinced Africa's poor would reap any benefits. Governments and companies would have invested in infrastructure only to be "left with stranded assets, clean-up expenses and all the devastation that comes with the industry for local people", Makama warned.A report released Monday by the Carbon Tracker Initiative think tank said Western investment in fossil fuels will eventually evaporate, encouraging African countries instead to seize on the potential offered by solar power.
But investment in renewable energy across the continent last year fell to its lowest level in 11 years, the research group BloombergNEF said on Wednesday.
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