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- Glossary
ENERGY
Though the overall picture reveal availability of enormous energy resources which far exceed energy requirements of the region, most of these resources are grossly underutilized, particularly natural gas and hydro resources. It suggests that Africa’s problem is not lack of energy resources but its development and utilization.
The region will remain a major net exporter of energy for several decades to come. In dealing with its energy problems Africa faces a unique set of initial conditions, defined mainly by its level and pattern of economic growth, social and demographic characteristics, energy resource endowment, location distances between supply sources and consumption areas, technological underdevelopment, and poverty-driven energy-environment conflict.
PIDA seeks to eliminate the challenge of the optimal utilization of the region’s energy resources to facilitate both individual country and regional energy and economic development. Stronger emphasis on a more integrated energy supply network based on more widespread regional initiatives, particularly in gas and electricity, and as currently obtains in some of the sub-regions (Southern Africa), is essential to sustainable energy development in Africa. The substantially higher costs of electric power and petroleum products in Africa compared to other regions a negative factor that undermines the region competitiveness in international market. The relatively small size of many of the economies suggests that more forceful regional initiative merit greater attention. PIDA is rightly placed to be a catalyst in this regard.
Though the overall picture reveal availability of enormous energy resources which far exceed energy requirements of the region, most of these resources are grossly underutilized, particularly natural gas and hydro resources. It suggests that Africa’s problem is not lack of energy resources but its development and utilization.
The region will remain a major net exporter of energy for several decades to come. In dealing with its energy problems Africa faces a unique set of initial conditions, defined mainly by its level and pattern of economic growth, social and demographic characteristics, energy resource endowment, location distances between supply sources and consumption areas, technological underdevelopment, and poverty-driven energy-environment conflict.
PIDA seeks to eliminate the challenge of the optimal utilization of the region’s energy resources to facilitate both individual country and regional energy and economic development. Stronger emphasis on a more integrated energy supply network based on more widespread regional initiatives, particularly in gas and electricity, and as currently obtains in some of the sub-regions (Southern Africa), is essential to sustainable energy development in Africa. The substantially higher costs of electric power and petroleum products in Africa compared to other regions a negative factor that undermines the region competitiveness in international market. The relatively small size of many of the economies suggests that more forceful regional initiative merit greater attention. PIDA is rightly placed to be a catalyst in this regard.
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