From Dare Akogun, Egypt
The COP27 Presidency initiative to present pathways for an Africa Just and Affordable Energy Transition Initiative (AJAETI) was launched at Energy Day.
The initiative focuses on solutions to help Africa overcome the energy transition dilemma by identifying risks, and opportunities, and empower the critical enablers that are required to succeed.
COP27 Energy Day facilitated discussions on key elements facing the energy sector.
The discussions included the role that renewables, smart grids, energy efficiency and energy storage may play within a comprehensive energy ecosystems that would evolve and transform the energy sector for a just energy transition.
Commenting on Energy Day, COP27 President H.E. Shoukry said: “Energy is one of the most carbon-intensive sectors in any given economy, making it one of the most important areas to effect meaningful mitigation measures that contribute to addressing climate change and transitioning to a green economy for the future.
Science is clear: global emissions need to be reduced by half by 2030, reaching net-zero by 2050. To achieve this, we need to invest in new sources of energy that are clean, affordable, accessible, sustainable, and reliable.”
Ministers of energy, leaders of development financial institutions and energy security experts debated ways to address the current energy crisis, and long-term pathways to transition away from a reliance on fossil fuels.
Part of the discussions centered on strategies countries can adopt to improve energy security while advancing the transition to a low-carbon economy.
The importance of innovation and technology in enabling the transition to low-carbon energy systems featured during the day. Technical solutions for electricity systems, such as, battery storage, smart grids were also discussed.
