World News
Dropping Fossil Fuels a “Great Threat to Africa”, Ramaphosa Says
South African President Cyril Ramaphosa said that cutting investments in fossil fuels is a great threat to Africa. Ramaphosa was speaking at the G7 Summit in Germany.
This summit hosted leaders of G7 countries and President Ramaphosa was participating in working sessions where Climate, Energy, Health as well Global Food Security, and Gender Equality were discussed.
Ramaphosa cautioned against adverse ramifications of the proposed revision of the European Union Renewable Energy Directive, which is intended to accelerate green hydrogen investments.
He 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.
“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,” Ramaphosa said.
“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,” he added.
He expressed that South Africa is pleased with the progress that has been made in advancing the long-term collaboration under the Just Energy Transition Partnership.
President Ramaphosa discussed issues of food security, fuel supply, and increasing local production on items that are currently in low supply due to the conflict in Ukraine.
He expressed the need to enhance the resilience of food and agricultural production systems through adaptation, reducing agricultural greenhouse gas emissions, and safeguarding national food security.
He then further made a special proposal that developing countries on the African continent, working together with the G7 countries, should be self-reliant in the production of fertilizers to ensure food security.
President Ramaphosa reiterated South Africa’s commitment to working with the international community, including the G7 countries, in the collective quest to end global hunger.
Ramaphosa also met the Prime Minister of the United Kingdom, H.E Boris Johnson.
The leaders discussed their commitment to the speedy resolution of the Russia-Ukraine conflict and further enhancement of bilateral trade relations. They also discussed opportunities in Green Hydrogen and Fuel Cells.
Edited by Zintle Nkohla
Follow Zintle Nkohla on Twitter
Follow IT News Africa on Twitter
-
Politics3 days ago
$35M Atlantic Refinery Project: Sunny Goli Commend Tinubu, EFCC over Diligent Prosecution
-
Politics3 days ago
Alleged N101.4 Billion Fraud: Court Orders Service of Hearing Notice on Yahaya Bello
-
Politics3 days ago
Confusion As Court Adjourns Appeals On Rivers State Political Crisis, Orders PDP To Clarify Legal Representation
-
Politics4 days ago
Edo State Govt Bans Activities Of Drivers On Wheels And Road Transport Employees Association Of Nigeria (RTEAN).
-
News3 days ago
KAI demolishes 138 Shanties, dislodges 169 illegal residents in Lagos
-
Niger Delta7 days ago
PAP Has Been Beneficial But Budget Increment Is Long Overdue—Ex- Agitator
-
Politics6 days ago
Appeal Court President Sets Up Special Panel to Address Rivers State Political Crisis
-
News3 days ago
Police Cracks Down Criminal Syndicates, Apprehend 82 suspects in Kano