African counties have to ensure the diversification of the energy market through decarbonisation and the transition to cleaner and renewable energy sources. Europe’s dependence on foreign oil and gas has detrimental affects of utility sector. Now is the time to embrace new technology and power solutions to supply secure and independent energy for countries who are paying the cost of the conflict happening in Europe.
A study of past conflicts suggests that high energy prices prompt military aggression from oil-exporting nations. Organisations must take action to boost resilience, reduce energy costs and sustain security of supply. The geopolitical crisis will have much larger potential macroeconomic and humanitarian consequences.
In collateral struggles, oftentimes varying – and possibly conflicting – ideologies guide the politics of energy transitions, such as ‘sustainability’, ‘security’, and ‘competitiveness.’ Clean energies are often regarded as a silver bullet to plentiful social and socioeconomic problems, amongst them the rising energy-hunger and the challenges of anthropogenic climate change. Harvard economist Kenneth Rogoff sees possible fallout in stock, energy markets, worsening of inflation and increase in military spending.
Our long-term goal is to enable rapid diversification and implementation of new innovative solutions. Speak to our solutions driven professional staff to plan your next project to become an independent economic powerhouse.