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Friday, 19 April 2019 13:00

IEA hosts high-level meeting on Africa’s energy outlook

IEA hosts high-level meeting on Africa’s energy outlook

The International Energy Agency held a day-long workshop on Wednesday to discuss ways to promote greater energy development across the African continent, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of IEA.

More than a hundred senior representatives from governments, energy companies, financial institutions and academia attended the meeting.

“Promoting access to energy across Africa is one of the world’s major development challenges and one of the IEA’s key priorities,” said Fatih Birol, the IEA’s Executive Director, during his opening remarks. “While the challenges are important – particularly with regards to access to energy or clean cooking fuels – the continent’s energy resources are tremendous. With the right policies and investments, they could be harnessed to provide greater economic benefit for all populations across the continent.”

Developing Africa’s energy sector potential is an essential step to providing greater economic opportunities and prosperity across the continent, which is home to vast energy resources. The workshop addressed policies, technologies, business models and financing to accelerate the transition to a thriving and sustainable African energy sector, set against a favourable backdrop of declining energy technology costs, increasing digitalisation, and strengthened policy commitment, including through Africa’s Agenda 2063 and the United Nations’ Sustainable Development Goals.

More details: https://www.iea.org/newsroom/news/2019/april/iea-hosts-high-level-meeting-on-africas-energy-outlook.html

Person in charge of the newsline: Olga Nagiyeva 

 

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