{"id":24424,"date":"2023-01-24T08:49:35","date_gmt":"2023-01-24T08:49:35","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma"},"modified":"2023-01-24T09:32:16","modified_gmt":"2023-01-24T09:32:16","slug":"africas-energy-transition-dilemma","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma","title":{"rendered":"Africa\u2019s energy transition dilemma"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span><\/a>On the continent, oil majors Total, Shell and Eni have shifted their focus over to natural gas developments, but their renewable energy and carbon offset projects still make up a relatively small slice of their business.<\/p>\n

Facing pressure from the public and Western regulators, as well as from shareholders and financial partners, oil industry majors, especially those based in Europe \u2013 chiefly Shell, BP, Total and Eni \u2013 have initiated an unprecedented transformation by voluntarily reducing their crude oil activities in favour of \u201cgreener\u201d forms of energy.<\/p>\n

This may be good news for environmental activists, but not so for Africa\u2019s oil-producing countries that benefit from the tax revenues and jobs the industry brings.<\/p>\n

Ben van Beurden, chief executive of Shell, recently announced the Anglo-Dutch group\u2019s new strategy: after its oil production peaked in 2019, the company expects output to decline by 1 to 2% a year.<\/p>\n

Shell\u2019s stated goal, backed by the European Union and the UK, is to become carbon neutral by 2050. Europe\u2019s oil majors, while not required to meet any legal obligations at this stage, have integrated this target across their operations.<\/p>\n

It takes into account the end use of the fuels they sell (scope 3 emissions), which is by far the largest factor in carbon emissions. For example, the French group Total\u2019s direct emissions amount to around 45m metric tonnes of carbon dioxide equivalent, but its vehicle-related emissions are estimated to be as high as 450m metric tonnes.<\/p>\n

In the global race to reduce carbon emissions, Africa is a bystander rather than an active participant. The continent produces 9% of the world\u2019s liquefied petroleum gas (oil) \u2013 or 7.2m barrels a day \u2013 and 6% of its natural gas, while being a low emitter of greenhouse gases.<\/p>\n

Home to 17% of the world\u2019s population, Africa accounts for just 2% of global carbon emissions. In addition, more than half of its oil production is for export.<\/p>\n

In fact, when it comes to energy policy, the priority for African governments is first and foremost to improve access to energy: 600m Africans live without electricity and the widespread use of biomass energy sources, like charcoal, is detrimental to public health and the environment.<\/p>\n

In short, Europe\u2019s oil majors still have a long road ahead of them before the energy transition is complete. It may be a small consolation for their executives, but the American giants Exxon and Chevron, which have less of a foothold in Africa and remain rather sceptical about climate change risks, and the Chinese corporations CNOOC and Sinopec are much further behind on this front.<\/p>\n

As for African national oil companies, which own a significant share of the continent\u2019s hydrocarbon reserves, they are clearly not thinking with an energy transition mindset, their current goal being to use oil and gas resources more efficiently.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. On the continent, oil majors Total, Shell and Eni have shifted their focus over to natural gas developments, but their renewable energy and carbon offset projects still make up a relatively small slice of their business. Facing pressure from the public and Western regulators, as well as from shareholders and financial partners, […]<\/p>\n","protected":false},"author":84,"featured_media":24423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,246,810,245],"class_list":["post-24424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-lesotho","tag-business","tag-lesotho"],"yoast_head":"\nAfrica\u2019s energy transition dilemma - Lesotho<\/title>\n<meta name=\"description\" content=\"On the continent, oil majors Total, Shell and Eni have shifted their focus over to natural g ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa\u2019s energy transition dilemma\" \/>\n<meta property=\"og:description\" content=\"On the continent, oil majors Total, Shell and Eni have shifted their focus over to natural g ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-24T08:49:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-24T09:32:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/01\/postQueueImg_1674537746.19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"293\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa\u2019s energy transition dilemma\",\"datePublished\":\"2023-01-24T08:49:35+00:00\",\"dateModified\":\"2023-01-24T09:32:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma\"},\"wordCount\":480,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/01\/postQueueImg_1674537746.19.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Business\",\"Lesotho\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/africas-energy-transition-dilemma\",\"name\":\"Africa\u2019s energy transition dilemma - 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