Africa Energy Indaba 2020 to host synergistic discussions, unleashing insights and catalysing business opportunities that will pave the way for a more secure energy landscape across Africa.
Prevalent topics with reference to Africa's energy sphere will form the core of discussions at the 12th Africa Energy Indaba. Interactive dialogues and key outcomes emanating from these themes will provide business growth opportunities for Africa's energy sector and inspire the necessary transformation within this realm. Various thought-provoking sessions will involve the following:
What are African energy ministers doing to stimulate investment in the energy sectors of their countries? African leaders are proactively striving to improve aspects relating to three core dimensions: energy security, energy equity (accessibility and affordability), and environmental sustainability of energy systems, all of which require funding. The upcoming event will unpack integrated strategic endeavours that governments plan to implement to offer significant catalytic ramifications for long-term investment prospects across Africa's energy sectors.
Africa's energy transition requires innovative financing mechanisms to unlock Africa's extensive renewable energy potential and increase the inclusive and sustainable development thereof. Forums have been intricately developed to educate players on the various governmental investment opportunities and financial solutions, such as maximising the flow of green finance and carbon funds together with the use of market mechanisms such as the Clean Development Mechanism (CDM), and mobilising private capital to effectually develop the energy sector. South Africa's IRP 2019 charts a course for a progressively lower relative contribution by coal-based electricity generation to total energy supply over time, and sessions will explore how this agenda drives investment opportunities in Africa.
In an effort to reduce national emissions and decrease their reliance on energy imports, while increasing clean air in cities and towns, African nations will inevitably observe a considerable shift in the transport sector. The Africa Energy Indaba is set to delve deeper into the details. Africa's decarbonization endeavours, driven by the environmental sustainability agenda, is shifting the energy mix at an accelerated pace to a point that is predicted to position gas ahead of coal by 2030. This year's event aims to reveal the intricacies concerning this exciting phase of transformation and disruption transpiring in Africa.
The prevalent energy transition is expected to generate broader socio-economic benefits, including the impact of expenditure in human capital and education, reduced negative health impacts from air pollution, reduction of greenhouse gas (GHG) emissions and the depletion of natural resources. Discussions will center around how such socio-economic impacts of the energy transition will be converted to acceptable outcomes.
Adopting technology, cultivating talent across the generations and encouraging digital skills acquisition are fundamental factors to enhancing efficiency within the energy sector. Well-versed industry leaders attending the event, will impart their knowledge of opportunity development and management of related threats whilst proactively implementing strategies to fortify competitive advantage and boost profits through the digitization of operations within the landscape that is energy.
The above mentioned topics only scratch the surface of what the continent's leading energy event has in store for its attendees. In addition, there are multiple divergent ground-breaking discussions to be presented by relevant luminaries of the energy realm, incorporating the recent and profound African Continental Free Trade Agreement (AfCFTA) as well as the opportunities associated with Independent Power Producers (IPPs).
During this time of critical energy transition, the Africa Energy Indaba 2020 aims to support African and international energy leaders to translate global objectives into regional and national business solutions; in order to secure a more accessible, affordable and sustainable energy future for the African continent.
Liz Hart, Managing Director of the Africa Energy Indaba, commented: "Doing business is key to the discussions at the Africa Energy Indaba. Our focus is on exploring how, using the various discussions, business can access opportunities in the African energy sector, learn how to do transactions and unlock bottlenecks with energy project developments."