Africa promised multi-billion dollar costs of planet

Africa will have to spend billions of dollars to oil processing plants in order to reduce the amount of harmful emissions. Reports about it Bloomberg.

Africa accounts for about two percent of global carbon dioxide emissions. According to the International Energy Agency (IEA), this figure will grow to 4.5 percent to 2040. The report of the Agency for 2019 states that the overall energy consumption in Africa will increase twice as much as the average in the world, as the population and economics grow.

Secretary of the African Association of Oil Refining and Distributors (ArDA) Anborp Kragha believes that the governments of the continent countries should focus on reducing the level of sulfur in petroleum products, since the consumption of fossil fuels in Africa will grow rapidly in the coming decades. In his opinion, the transition of Africa from oil and gas to renewable energy, as it occurs in developed countries, is not possible.

On the whole continent, it is planned to develop a number of measures that will limit the mass shares of sulfur in gasoline and diesel fuel by 2030. These measures are estimated at about $ 15.7 billion.

Currently in Africa there are more than 40 factories that can produce more than 3.5 million barrels of oil per day. The richest man on the continent Aliko Dungota is building a giant plant in Nigeria, capable of producing 650,000 barrels per day.

It is expected that the demand for oil and gas in Africa will double at least to seven million barrels per day by 2040, even despite the fact that, according to IEA forecasts, the share of renewable energy sources will grow more than ten times.

/Media reports.