Energy leaders in
The 2014 World Energy Issues Monitor, by WEC, showed the African views are in variation with their global counterparts, where high energy price volatility has for the first time replaced climate framework as the top critical uncertainty.
"Our African survey finds that, in contrast with the global findings, climate framework has become an even more critical issue.
A shift from last year's findings, African national governments and regional institutions are taking actions in energy efficiency and regional interconnection, while investment cooperation with
The report captures the views of over 800 energy leaders including ministers, chief executives and the heads of the WEC's national members committees covering 84 countries.
In its global findings, climate framework uncertainty is now perceived by energy leaders to have less impact than in the previous three years of the study. Meanwhile, carbon capture, utilisation and storage (CCUS) continues to be viewed as a technology having limited impact.
Energy leaders are also increasingly concerned about the sector's ability to access the capital markets for funds towards energy infrastructure, when set against a continued recessionary backdrop.
The fact that both climate framework and CCUS are perceived to be issues of less impact is bad news not only in terms of emissions mitigation, but also for the development of robust and resilient energy infrastructure," noted
"Our energy systems are in a state of massive expansion and transition, and the signals we see today provide clear evidence of the urgent need for more robust, coherent, long-term frameworks for planning our future investment."
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