Presentations

Can an Effective Response to COVID–19 and Acceleration of Clean Energy Development Go Hand in Hand for Africa?

Wednesday, July 1, 2020 - 10:00 to 11:00
aef2.0 - Agenda - aef2.0

Introduction

In the famous words of Sir Winston Churchill, Never Let a Good Crisis Go to Waste. Is now the perfect time to seize the opportunity to accelerate the clean energy development path to recovery? 
 
While EU leaders are backing a COVID-19 recovery strategy that integrates energy transition, can Africa’s effective response to COVID-19 and a transition to clean energy go hand in hand? While the cost of renewable energy has fallen significantly over the last decade, can it compete with more conventional and cheaper energy sources which are able to stimulate the economy faster? What side of the fence will project developers sit on in the short term, particularly considering the recent fall in oil prices?

Description

  • The COVID-19 pandemic has collided with the climate change emergency. Does Africa have the potential to integrate solutions to both crises?
  • Where are the project development opportunities? Will clean energy projects be best suited to these particular opportunities?
  • How long will the fall in oil prices last?
  • Does the argument that investing in clean energy leads to stronger growth ignore the adverse effects of reduced investment and higher energy costs in other sectors?
  • Inexpensive energy is necessary for economic advancement by the world’s poor and for recovery from the staggering economic effects of COVID-19. Can clean energy fill that gap?
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