Africa-Press – Angola. Strict compliance with the principles considered sustainable, and the demands of the various international instruments to which the country is linked, can boost economic growth in the country, declared, Friday, in Luanda, the Secretary of State for Climate Action and Sustainable Development.
Paula Francisco, who spoke at the opening ceremony of the IV Economy & Market (E&M) Conference on environment and development, said that this process should not only be stimulated by the Executive, but also by documents, the most specific being, today, the 20-2030 agenda for sustainable development.
At the event that discussed points such as “Industrialization and the Challenges of Energy Transition” and “Economic Growth versus Human Development, Which Path?”, the minister highlighted that Angola has been striving to increase industrialization, as well as contributing to job creation, increased income and improving citizens’ living conditions.
“As we observe progress towards development at a national level, it becomes increasingly essential to ensure that economic progress is aligned with environmental preservation, largely due to future prospects for the world,” he said.
The ongoing approval of an electro-mobility strategy was also announced, a relevant Executive instrument linked to international agreements and in this particular the Paris Agreement that aims to contribute significantly to the energy transition and sustainable mobility.
Data presented also show that Angola, in 2022, emitted around 33 million carbon dioxide equivalents, mainly as a result of oil activities, which represent approximately 90 percent of exports.
With the implementation of carbon credits, the country must face challenges not only in structural terms, but it also opens up a horizon for common reflection and awareness-raising among citizens about the benefits of this market.
For Paula Francisco, this process will also attract investment in new technologies and encourage innovation, thus generating economic growth and new employment opportunities.
However, Angola should not yet disregard its dependence on fossil fuels and the pressure on natural resources still poses some paradoxes.
At a local level, investments have been made in photovoltaic energy, which is why a memorandum of understanding was signed in 2023 related to low-carbon strategies, a partnership aimed at strengthening Angola’s positioning in the world. It is always important to consider hydrogen as a fundamental piece that involves renewable and clean energy.
“This reflection on this topic allows us to talk about the importance of carbon, which stands out as a crucial and essential mechanism for mitigating greenhouse gas emissions and also generating income,” he said.
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