Rédaction Africa Links 24 with MENA
Published on 2024-02-15 10:27:01
Minister of Petroleum and Mineral Resources Tareq al-Molla emphasized the potential for African countries, including Egypt, to become a global strategic hub for renewable energy. He made these comments during a roundtable event at the International Energy Forum (IEF) in Paris on Tuesday 13/2/2024. In a press release issued by the petroleum ministry, Molla stated that Egypt is focused on developing various forms of energy resources, including renewable energy and traditional fuel, to support the role of renewables in achieving energy security.
Additionally, Egypt is working towards reducing carbon emissions and securing its energy needs through more responsible and eco-friendly means. The minister also highlighted the government’s economic reforms and efforts to encourage green energy investments and stimulate private businesses. Molla stressed the importance of green financing and international cooperation agreements in overcoming the challenges faced by African states when pursuing green energy projects and energy transition goals. He emphasized that these factors are crucial for unlocking the vast renewable and green energy potential of Egypt and other African states. Molla asserted that Africa must receive its equitable share of the global funds dedicated to achieving a balanced energy transition.
The roundtable event, which focused on the role of renewable energy in attaining sustainable development in Africa, featured the participation of EU Commissioner for Energy Kadri Simson. The event was attended by a host of petroleum ministers and energy officials from around the world.
Molla’s statements underscore the commitment of Egypt and other African nations to transitioning towards renewable and sustainable energy sources. The focus on developing renewable energy resources aligns with broader global efforts to mitigate climate change and reduce reliance on traditional fossil fuels.
The desire to position Africa, and Egypt in particular, as a global strategic hub for renewable energy also reflects the continent’s vast potential for solar, wind, hydro, and other forms of green energy. The region’s abundance of natural resources and favorable climate conditions make it an ideal location for the expansion of renewable energy projects.
Furthermore, Molla’s emphasis on green financing and international cooperation underscores the importance of collaboration and support from the global community in realizing Africa’s renewable energy ambitions. As the world increasingly shifts towards sustainable energy solutions, it is imperative that African countries are equipped with the necessary resources and partnerships to maximize their green energy potential.
Overall, the roundtable event at the International Energy Forum served as a platform to discuss and advocate for the pivotal role of renewable energy in Africa’s sustainable development. The participation of global energy leaders and officials signals a collective commitment to supporting the continent’s transition towards a greener and more sustainable energy landscape. As Egypt and other African nations continue to prioritize renewable energy development, the region stands poised to emerge as a significant player in the global renewable energy market.
Read Original article on Egypt Independent
