{"id":8304,"date":"2022-08-07T13:37:55","date_gmt":"2022-08-07T13:37:55","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition"},"modified":"2022-08-07T13:52:14","modified_gmt":"2022-08-07T13:52:14","slug":"iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition","title":{"rendered":"IEA 2022 Outlook Highlights Solar and Hydrogen in Green Transition"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>Following on from recent statements suggesting that Africa must double investments to reach its energy and climate goals, the International Energy Agency (IEA) has set out leading green transition pathways for the continent \u2013 delivering better economic and social returns. These sustainable development routes, presented in the IEA\u2019s freshly-launched Africa Energy Outlook report \u2013 a full policymakers\u2019 summary of findings to be exhibited live at this year\u2019s MSGBC Oil, Gas & Power conference to west Africa\u2019s top corporate and government authorities in aid of formulating a unified African narrative ahead of December\u2019s 27th Conference of the Parties on Climate Change (COP27) \u2013 call for two thirds of additional investment to be directed into clean energy sources by 2030.<\/p>\n

As it stands, despite producing only 3% of global energy-related emissions, African economies are among those most at risk \u2013 expected to lose 8% per annum in GDPs from two degrees of global warming by 2050. This makes an efficient energy transition an economic imperative for Africa. However, as a UN study recently showed, African investment into renewables, such as those the IEA has proposed, actually repays itself many times over \u2013 producing 420% better returns in gross value addition and 250% better returns in job creation than investment into fossil fuels. Following the IEA\u2019s roadmap will not only create four million new energy-related jobs per annum but could prevent more than 500,000 premature deaths each year.<\/p>\n

The IEA\u2019s report states that Africa, despite being home to 60% of the world\u2019s best solar resources, boasts a mere 1% of global installed PV capacity \u2013 a tremendous opportunity. It projects that by 2030, renewables will account for more than 80% of new power generation capacity on the continent, recalling that the costs of solar and wind have fallen by 85% and 55%, respectively, in the past decade to make them Africa\u2019s cheapest sources of energy. What\u2019s more, fueled by this comes perhaps the most surprising discovery of all: the continent\u2019s globally leading green hydrogen potential.<\/p>\n

Originating from seawater split by 24\/7 multi-gigawatt arrays of solar and wind, green hydrogen has every chance of surpassing liquefied natural gas (LNG) as the fuel source of the future, and MSGBC isn\u2019t being left behind. Mauritania is ahead of the curve having already secured $43.5 billion in foreign direct investment into the carbon neutral fuel with a pair of memorandum of understandings signed last year. As the IEA\u2019s Africa Energy Outlook highlights, green hydrogen has four advantages: zero footprint, scalability, cost-efficiency from modular deployment technologies and resilience against reserve depletion\/ climate impacts.<\/p>\n

Already, an estimated 3\/5 of Africa\u2019s thermal (gas and oil) power plants are at high or very high risk of disruption from water stress \u2013 Mauritania averaging six days of rain each year \u2013 and already, 1\/6 of Africa\u2019s LNG capacity is vulnerable to coastal flooding \u2013 among the extreme water events that cost 10% of Senegal\u2019s GDP each year. Green hydrogen is impervious to such threats, with a continental capacity to produce 5,000 megatons of the fuel \u2013 equivalent to the world\u2019s current primary energy demand \u2013 for as little as $2 per kilogram.<\/p>\n

With MSGBC\u2019s energy transition top of the agenda during this year\u2019s event, Rita Madeira, Africa Program Officer at the IEA will be presenting a first of its kind live executive summary keynote on the IEA\u2019s Africa Energy Outlook report released last month, driving discussions on climate change, natural gas and green hydrogen.<\/p>\n

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

Africa-Press – Sierra-Leone. Following on from recent statements suggesting that Africa must double investments to reach its energy and climate goals, the International Energy Agency (IEA) has set out leading green transition pathways for the continent \u2013 delivering better economic and social returns. These sustainable development routes, presented in the IEA\u2019s freshly-launched Africa Energy Outlook […]<\/p>\n","protected":false},"author":84,"featured_media":8303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[291,293,292],"class_list":["post-8304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nIEA 2022 Outlook Highlights Solar and Hydrogen in Green Transition - Sierra Leone<\/title>\n<meta name=\"description\" content=\"Following on from recent statements suggesting that Africa must double investments to reach its energy and climate goals ...\" \/>\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\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IEA 2022 Outlook Highlights Solar and Hydrogen in Green Transition\" \/>\n<meta property=\"og:description\" content=\"Following on from recent statements suggesting that Africa must double investments to reach its energy and climate goals ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-07T13:37:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-07T13:52:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/08\/postQueueImg_2-62efc37a0ffcf.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\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\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IEA 2022 Outlook Highlights Solar and Hydrogen in Green Transition\",\"datePublished\":\"2022-08-07T13:37:55+00:00\",\"dateModified\":\"2022-08-07T13:52:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition\"},\"wordCount\":581,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/08\/postQueueImg_2-62efc37a0ffcf.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/iea-2022-outlook-highlights-solar-and-hydrogen-in-green-transition\",\"name\":\"IEA 2022 Outlook Highlights Solar and Hydrogen in Green Transition - 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