Aliko Dangote, CEO of Dangote Refinery, emphasized during the UNGA that transitioning from oil to renewable energy will take time and that Africa faces urgent energy needs, currently lacking electricity for 600 million citizens. He advocates for a dual approach involving the use of natural gas and coal while simultaneously investing in renewable energy. He stresses that Africa’s development must be driven by Africans and highlights the continent’s vulnerability to climate change.
In remarks made during the 79th United Nations General Assembly in the United States, Aliko Dangote, the Chief Executive Officer of Dangote Refinery, articulated the complexities surrounding the transition from fossil fuels to renewable energy. He acknowledged that while a complete shift away from oil is essential, such a transition will not occur swiftly and will demand significant time. Dangote underscored that Africa currently grapples with severe energy deficits, with approximately 600 million Africans lacking access to electricity. He argued that in the interim, it is crucial for the continent to leverage available resources, such as natural gas and coal, to meet immediate energy demands. 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 the urgent need to tackle issues of fuel scarcity, indicating that, at present, the lack of fuel complicates any immediate shift to renewable solutions. He insisted on a dual approach: while transitioning away from fossil fuels, Africa must concurrently utilize existing resources. Additionally, Dangote expressed his commitment to investing in renewable energy, suggesting such investment aligns with the development of integrated industries within Africa. He declared, “We will definitely invest in the renewable energy. Now, we have achieved setting up a refinery, fertilizers and other industries. We will lead. One thing that we have to get clear is that nobody will develop Africa, but Africans.” Dangote’s comments reflect a broader recognition that, despite Africa contributing only 4% to global greenhouse emissions, the continent is disproportionately affected by climate change. The African Development Bank and the World Meteorological Organization have noted Africa’s heightened vulnerability to climate-related adversities, emphasizing the necessity for proactive measures and substantial investments to ensure a sustainable future.
The discussion surrounding the transition from fossil fuels to renewable energy has gained urgency in light of increasing climate change impacts. As the continent least responsible for greenhouse gas emissions, Africa still faces dire consequences, including food insecurity, conflicts, and loss of biodiversity. Reports from the African Development Bank and the World Meteorological Organization indicate heightened vulnerabilities, requiring urgent action to adapt and mitigate these effects. The financial burden associated with climate adaptation is substantial, with projections indicating a need for up to $50 billion annually by 2050. Thus, leaders like Aliko Dangote are calling for localized solutions and investments in renewable energy while addressing current energy shortages.
In conclusion, Aliko Dangote’s insights during the UNGA emphasize the lengthy and complex nature of transitioning from oil to renewable energy in Africa. By acknowledging the pressing energy challenges, he advocates for a balanced approach that utilizes existing resources while committing to future investments in renewable solutions. His perspective underscores the necessity for African-led development initiatives to address climate-related issues effectively. Recognizing the continent’s vulnerabilities is crucial, and proactive measures are essential in securing a sustainable future.
Original Source: nairametrics.com
