Energy in the global South
Energy is the cornerstone of human development, a vital component in addressing developmental goals such as poverty reduction, inclusive social development, youth and women’s empowerment.
While many developed countries are focused on de-carbonizing their energy mix, many developing and middle-income countries in the global South are still focused on securing energy for basic human needs. For sustainable energy to be achieved, the international community must tap into various energy sources, from fossil fuels to renewable sources.
In the last decade, several Southern countries have discovered commercially viable oil and natural gas resources. The vast majority of these Southern economies are developing countries such as Cambodia, Ghana, Kenya, Mozambique, Suriname, United Republic of Tanzania, Timor-Leste and Uganda. For these countries, successfully managing their hydrocarbon resources and using the revenues to achieve sustainable development and “energy access for all” represents a daunting challenge.