Petroleum Africa
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Tuesday, June 28, 2022
President Cyril Ramaphosa of South Africa has concluded a visit to Germany, where he attended the G7 Leaders’ Summit, at the invitation of the German Chancellor Olaf Scholz. During his meetings with world leaders, Ramaphosa advocated for a just energy transition for Africa while also acknowledging opportunities afforded by green energy adaptation.
In his discussions on energy, President Ramaphosa cautioned against adverse ramifications of the proposed revision of the European Union Renewable Energy Directive, which is intended to accelerate green hydrogen investments.
The President highlighted that the proposed regulations have the potential to limit the ability of enterprises to supply key export industries with sustainable energy solutions and impact their global competitiveness.
“Abrupt disinvestment from fossil fuels by international financiers poses a great risk to Africa because of the impact on jobs, stranded assets, national economies, energy and food security,” said President Ramaphosa.
“As we pursue a just transition, developing economies need development space to address high levels of inequality, unemployment, under-development and the economic impact of the COVID-19 pandemic.”
President Ramaphosa urged that all climate related actions should find expression within the context of both the right to development and a just transition. He emphasized the need for a just transition that is well resourced to enable the move to a low carbon economy that is phased and planned. “A transition that catalyzes new economic opportunities, while protecting affected workers and communities,” the President said.
To a greater extent, the President expressed that South Africa is pleased with the progress that has been made in advancing the long-term collaboration under the groundbreaking Just Energy Transition Partnership.
The President also indicated that South Africa looks forward to a successful COP27 that delivers far more significant outcomes with regards to means of implementation support, adaptation and addressing loss and damage caused by climate change.
On the margins of the Summit, the President met with UK Prime Minister Boris Johnson during which the pair discussed opportunities in Green Hydrogen and Fuel Cells
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