'Arguments for gas exploration and gas-fired power infrastructure in Africa are robbing us of vital time to switch to clean energy.'
Decades of fossil fuel development in Africa have failed to bring prosperity and reduce energy poverty. African countries whose economies rely on the production and export of fossil fuels —sometimes up to three times slower—than those with more diverse economies. In Mozambique, where foreign companies have built a $20bn offshore natural gas field and onshore liquefied natural gas facility, 70 percent of the country still lives without access to electricity. The gas is not for local people.
When the poorest communities become reliant on gas-fired power stations for electricity, they end up suffering from the fluctuations in global markets. In Côte d'Ivoire, where most power stations burn gas, for example, hikes in electricity pricesInvestments in fossil fuels are also not investments for the long term. As demand for clean energy accelerates, the International Energy Agency predicts that oil and gas assets worth $1.3 trillion will be abandoned by 2050.
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