Power Surge - 2019's Emerging Energy Trends

Author(s): 
Chris Dalgliesh and Sue Reuther interviewed by Energy Forecast
Date: 
Tuesday, April 9, 2019
First presented: 
www.energyforecastonline.co.za
Type: 
Article
Category: 
Environmental/Social

Africa’s demand for energy is steadily increasing and solutions to meet this growth have become a major concern amongst the energy sector leaders within the continent. Key factors contributing to this soaring energy demand are both Africa’s ever-growing population and the continent’s accelerating economic growth.

According to projections published by the United Nations Population Division, Africa’s population has grown by 30 million people in the past year and by 2050, annual increases are expected to exceed 42 million people per year meaning that the total population will have doubled to 2.4 billion. This translates to 3.5 million additional people per month or 80 more people per minute. The vast increase in the number of people in Africa along with increased standards of living puts significant pressure on the demand for affordable energy.

The past few decades have seen significant improvements and growth in the African economy. Africa’s per capita energy consumption is growing faster than that of any other continent, owed largely to increased infrastructure, investment and political stability. Africa’s population is characterised by young people and a growing labour force, together proving to be a considerable strength in this aged world. With 1.1 billion workers and rising, the continent is expected to boast the world’s largest working-age population by 2034. A progressive economy requires substantial energy for increased scale of manufacturing, provision of services and transport. Energy remains an essential input to stimulate and ensure uninhibited economic development, driving economic productivity and industrial growth. In fact, energy remains fundamental to the functioning of any modern-day economy.

Acknowledged: Energy Forecast and www.energyforecastonline.co.za

 

SRK Africa