Dentons organized a conference entitled "Investing in Africa: Key sectors" at the MEDEF (the largest employer federation in France) conference hall in Paris.
Partners from Dentons and professionals with experience in Africa collaborated on four panels including: Infrastructure, Energy and Natural Resources, Capital Investment and Life Sciences, establishing an overview of the issues and opportunities that Africa offers in these key sectors.
"The energy sector cannot develop without infrastructure" stated the Energy/Natural Resources panel, which was moderated by partners Ramin Hariri and Vincent Lacombe, both focusing on tax matters, in particular in the energy sector.
Composed of representatives from Total, EREN, as well as an ex-Minister of Mines of Mali and Anne Lauvergeon, Chairman and CEO of A.L.P S.A., the panel discussed the main challenges of clean Energy in Africa.
The weight of Africa in emissions of CO2 and greenhouse gases is low
The African continentexcept South Africahas by far the lowest contribution to greenhouse gases emissions in the world: less than 10 percent of global volume. The volume of CO2 emitted per capita per year is less than 1t, while the United States and Russia reach, respectively, 18t and 13t per capita and per year.
The reason lies in low electrification rates (only seven African countriesCameroon, Cote d'Ivoire, Gabon, Ghana, Namibia, Senegal and South Africahave a rate of access to electricity reaching 50 percent. The other countries rate of access is below 20 percent) and low levels of industrialization.
Nevertheless, the Summit of Marrakesh in April 2015 showed a very strong involvement in the COP21 to be held in Paris. African ministers of energy and environment together called for strong support of Paris 2015 and the expected engaging and binding agreement.
All energy sources are needed: in the global energy mix, switching only 1 percent of produced energy from coal-generated to gas-generated would require an increase of 11 percent of renewables to achieve the same level. Africa can build such an energy mix.
From this point of view, Africa can build an energy mix and expand its existing productive apparatus, develop its natural resources with little carbonized methods.
The three main...