By Dominic Hlodzi
Deputy Minister for Energy, Dr. Mohammed Amin Adam says Ghana will work assiduously to prevent its hydrocarbon assets from being stranded as global advocacy for energy transition intensifies. He mentioned revenue losses, underinvestment in hydrocarbons, and the huge cost of adjustment to the new forms of energy as the effects of the transition. This, he noted, will only deepen the already existing economic situation in Africa.
He said even though Africa is the least emitter, it will suffer the grave consequences of the transition which he described as unfair, unequitable and unjust.
Speaking at the 2022 Offshore Technology Conference in Texas US, the Deputy Minister said one of the unfortunate realities in several West African countries particularly in the resource-rich areas is the fact that, the standard of living of the people is normally not commensurate with the wealth of resources extracted, leading to social and political agitation in several instances.
Dr. Amin Adam said efforts to push Africa into the transition corner at the same pace as the West is not just counter-productive, but an affront to the concept of global development.
