The African Peace Organization UK, in conjunction with other strategic partners is set to organize the 3rd Edition of the International African Energy, Oil and Gas Summit Namibia 2024
It would feature panel discussions, presentations, exhibitions, dinners, golf tournament, award presentations, tours and a host of others.
The two previous editions of the event were held in Angola in 2022 and 2023 respectively. In 10 years, Namibia is predicted to be the biggest oil producer in Sub-Saharan Africa after Nigeria and Angola. If the numbers are correct, Namibia would be sitting on the second-largest oil reserves in sub-Saharan Africa, It’s touted by some as possibly the world’s biggest-ever deep-water oil find.
To ensure a successful energy transition ad to meet net-zero ambitions. It is critical to enable optionality in energy sources and low-carbon renewable technologies. Solar power, onshore and offshore wind, biofuels, hydrogens and renewable gases are all pulling together to meet today’s energy supply and demand challenges.
A lower carbon future requires critical measures to overcome mitigation barriers in hard-to-abate sectors. The most important ones include technological advancement, structural changes within mobility, industry, and building sectors. The pathways for decarbonizing these industries will require the adoption of hydrogen and carbon capture utilization and storage technologies to show the immense potential to reduce emissions
The success of the energy transition will depend on the human capital. In the wake of a skills gap and growing clean energy job market, in the years ahead, the focus will be on upskilling, reskilling, adapting the transferable skills from other industries. Energy brands recognize the challenges they face in recruiting talents and connecting meaningfully with potential recruits. Attracting the next generation workforce is possible when brands take more responsibility for their place in the world and show a positive contribution to deliver the net zero targets.
AI, remote sensing, and cloud computing technology are all proving their value to the energy transition in multiple domains, driving measurable improvements in renewable energy forecasting, grid operation and optimization and acting as a security enabler. The role of digitalization in reducing the net-carbon footprint is imperative, as is the subsequent data capture and reduction of emission along the value chain.
Fiscal support from governments and the rise of sustainable finance has advanced power sector investment in renewables grids and storage. By addressing key risks and barriers, public finance, including sustainable finance, plays a vital role in bridging the financing gap and attracting further investment from the private sector to renewables. Institutional investors such as pension funds, insurance companies, endowments, and sovereign wealth funds, have the potential to scale up major investments.
LNG and gas will function as a critical vector of the energy transition and play a significant role in meeting the world’s need for reliable energy. Carbon neutral LNG is increasingly becoming a necessity due to the market and regulatory demands. There is a growing pressure on the markets leading players to reduce emission across the LNG supply chain and in the long-term methane emission from oil and gas production will become regulated.
