WEBINAR: COVID-19 and Fossil Fuels

Event
Contact
  • DATE / TIME:
    2020•07•01    11:00 - 12:30
    Location:
    Accra

    As the COVID-19 pandemic continues to disrupt global societies, we have seen a severe slump in demand for fossil fuels. What will this mean for hydrocarbon producing countries in Africa?

    Will the pandemic have a long-lasting impact on fossil-fuel dependent development trajectories in Africa? Or is this an opportunity for transitions towards greener economies?

    The continent is well endowed with natural resources such as oil, gas and coal that hold enormous potential to accelerate its development. However, these resources are at risk of becoming stranded, as climate policies threaten to render some assets worthless before the end of their economic lifetime. As pressure mounts to keep global warming below 2◦C by moving towards low-carbon economies, Africa has to consider the implications of such a transition.

    This workshop aims to explore the impact of stranded hydrocarbon assets on Africa’s development, in light of new risk factors as a result of COVID-19.

    The webinar will provide a platform for participants to discuss challenges that this pandemic presents to African decision makers and the opportunities presented for a low-carbon and climate resilient growth pathway to build prosperous and more resilient societies better prepared for the bigger climate test ahead.

    Chair: 

    Yemi Katerere – UNU-INRA Advisory Board Chair; Independent Scientist – WWF and CIFOR

     

    Speakers:

    Fatima Denton – UNU-INRA, Director

    Antonio Pedro – United Nations Economic Commission for Africa (ECA) SRO-EA, Director

    Rose Mwebaza – Climate Technology Centre & Network (CTCN), Director

    Daria Ivleva – Adelphi, Project Manager

    Selam Kidane – African Group of Negotiators, Legal Advisor

    James Murombedzi – United Nations Economic Commission for Africa (ECA) ACPC, Chief

    Stephen Yeboah – African Development Bank (AfDB) – African Energy Portal, Policy and Research Analyst

     

    Date: Wednesday, 1st July

    Time: 11 am – 1 pm GMT

    Location: Zoom

    Register here:

    https://zoom.us/webinar/register/WN_mHd1v-eASjG4-MpuDYm6dw

    Click on the links below the download the English and French Versions of the Discussion Paper, Key messages and infographics.

    English Documents:

    Discussion Paper: Discussion Paper – Africa’s Development in the age of Stranded Assets

    Key Messages: Stranded Assets Key Message 

    Infographics: Stranded Assets Infographics

    French Documents:

    Document de Discussion: Developpement de l’Afrique a l’ere des Actifs Immobilises 

    Messages Clé: Messages Clés – ACTIFS IMMOBILISÉS 

    Infographie: Actifs Immobilises_Infographiques

    Presentation By Daria Ivleva – Adelphi on Coping with Stranded Assets: Entry Points

  • moyo@unu.edu