The Global Energy Transition Could Transform African Economies ...Middle East

Economy by : (OILPRICE) -
Covid-19 and the resulting fall in oil prices and demand has helped to accelerate a global shift towards renewable energy. While a number of sub-Saharan African countries continue to rely heavily on fossil fuels, the region is expected to benefit from the growing market for minerals central to this shift. The move towards renewable energy technologies is likely to result in a significant drop in global demand for hydrocarbon fuels like coal, oil, and gas. In a sign of the impact that the pandemic could have on the energy market, the “World…

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