Africa’s energy transition

Aker Horizons is a partner of the Bellona Pavilion in the Blue Zone at the United Nations Climate Change Conference, COP (Conference of the Parties). At COP27 in Sharm el-Sheikh, Egypt, Aker Horizons hosted and participated in a series of panels dedicated to the energy transition and accelerating decarbonization. This panel was hosted by the Norwegian-African Business Association (NABA) on Tuesday 8 November 2022.

Amid the global shift from fossil fuels towards sustainable and renewable energy, Africa faces the challenge of driving industrial development, while also decarbonizing its economies. Many are calling for a “just transition” that will rely on more, and not less, production of fossil fuels to drive growth. Yet with vast renewable energy potential, and facing the most severe impact from climate change, can Africa leapfrog the need for fossil fuels entirely?

Moderator:

Mathilde Emilie Thue, CEO, NABA

Speakers:

• H.E. Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the African Union Commission
• Adam Bruce, Global Head of Corporate Affairs, Mainstream Renewable Power
• Sanjeev Gupta, Executive Director for Financial Services, Africa Finance Corporation (AFC)
• Terje Pilskog, CEO, Scatec
• Fridtjof Unander, Chief Economist, Aker Horizons