The energy transition has the potential to boost employment in the renewable energy sector substantially in Africa, up from around 0.35 mn in 2020 to more than 4 mn by 2030 and more than 8 mn by 2050
Financing Africa’s energy future
Industry
TotalEnergies sign agreement with Sonangol to check methane detection with AUSEA technology
On the occasion of the Eliminating Methane Emissions by 2030 roundtable partnered by the COP28 Presidency, TotalEnergies has announced the signing of three cooperation agreements with National Oil & Gas Companies (Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola) to carry out methane detection and measurement campaigns using the AUSEA technology on oil and gas facilities in Brazil, Azerbaijan, and Angola
Libyan National Oil Corporation launches sustainability strategy
The Libyan National Oil Corporation (LNOC) has launched its sustainability strategy, Think Tomorrow, at COP28, marking its commitment to sustainable development, environmental stewardship, and diversified energy sources in Libya
South Africa among pilot countries selected by EIB for just transition initiatives
The EIB (https://www.EIB.org) is the first international financial institution to launch a just resilience approach to be applied from 2024 onwards; EIB is expanding its support for a just transition globally including through Just Energy Transition Partnerships and Team Europe initiatives in nine pilot countries; the new approaches aim to support those most impacted by climate policies and vulnerable to climate change
ADM Energy banking on Aje Field potential offshore Lagos
ADM Energy, a natural-resources investing company, announced that the Board of Directors have completed an internal review of existing investments, financial resources and future investment opportunities available to the Company
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