Energy transition challenges might hamper economic development

Energy transition challenges might hamper economic development

Energy transition challenges might hamper economic development

Niël Terblanché Namibia is currently grappling with the complex dynamics of the global energy transition, as its substantial oil reserves beckon investors while international pressure mounts for renewable energy adoption. Namibia’s Petroleum Commissioner, Maggy Shino, emphasized the importance of winning the “energy transition war” during a committee meeting. She noted that unless Namibia can construct a compelling narrative to navigate the energy transition, its oil resources may remain untapped due to international calls for renewable energy adoption. Shino explained that the energy transition agenda encourages developing countries to preserve their oil reserves and rely solely on renewable energy sources. This…
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