At Kosmos Energy, we believe every nation must eventually get to net zero, but the starting point should be economic justice and the right of all people to live dignified lives with access to food, shelter, affordable and secure energy, and employment. Delivering the basic needs of life continues to be a challenge for many countries, and African leaders are making it clear that the world must support a ‘just’ energy transition for all.
In 2018, about 600 million people in Sub-Saharan Africa did not have access to electricity and nearly 900 million people lacked access to clean cooking fuels and technologies. Between 2019 and 2021, the International Energy Agency (IEA) estimates access to energy in the region fell by about 4%. The situation is getting worse, not better.
A just energy transition requires an inclusive approach that recognizes no two countries are alike in their ability to transition to lower-carbon economies quickly and fairly. The developed world cannot expect the same speed of transition or adoption of renewables from developing nations, as many do not have the infrastructure, resources, or capacity to leap straight to renewables. At Kosmos Energy, we see our role as helping our host countries develop their resources responsibly so they can use their natural gas for domestic power and export revenues to invest in infrastructure and services that raise living standards today while transitioning to renewables and a lower-carbon future.
With support from Kosmos Energy, Oxford Economics has produced an analysis of future energy trajectories in our host countries Ghana, Senegal, Mauritania, and Equatorial Guinea, as well as Nigeria. Key findings include:
“This report highlights the prominent role natural gas will play in the energy transitions for Ghana, Senegal, Mauritania, and Equatorial Guinea, especially if these countries are going to meet their developmental goals and objectives. As the world wrestles with the challenge of producing and enabling access to secure, affordable, and cleaner energy, Kosmos is looking to a future in which the company helps its host countries develop their resources responsibly. By taking a collaborative approach, acting in an open and accountable manner, and contributing to development, we aim to be an investor of choice in these countries.“
Senior Vice President
Sustainability and External Affairs