How much energy is invested in Africa?

The share of energy investment in Africa’s GDP rises to 6.1% in the 2026‐30 period, slightly above the average for emerging market and developing economies. But Africa’s energy investment in that period is still only around 5% of the global total in the IEA’s Net Zero Emissions by 2050 Scenario.

How much energy does shipping supply in Africa?

Shipping accounts for around 5% of total transport energy demand in Africa today, compared with over 10% globally. Demand for shipping fuel – entirely in the form of oil products – increases by 7% over 2020‐30 in the SAS.

How does Africa meet increasing demand for modern energy?

How Africa meets increasing demand for modern energy has implications for global trade. Africa made up 10% of global energy demand growth from 2010‐19, and 8% of oil demand growth.

How can Africa build a new energy economy?

In this pathway, energy efficiency and renewables – especially solar – are key pillars for building Africa’s new energy economy.

Does Africa have a good energy system?

Development of Africa’s energy system is a similar story. Access to clean, secure and affordable modern energy services has not kept pace with the continent’s expanding needs. Africa is home to nearly 18% of the world population, yet accounts for less than 6% of global energy use (Figure I.1).

Can Africa finance energy transitions?

Since the signing of the Paris Agreement in 2015, global climate commitments have resulted in a new avenue for financing energy transitions in Africa.