The Council on Foreign Relations blog posted on 22 April 2022 an analysis titled "How Russia's Invasion of Ukraine Will Impact Africa's Energy Transition" by Katie Auth and Todd Moss, both at the Energy for Growth Hub.
The authors reached 7 conclusions:
(1) African leaders will increasingly frame energy poverty as an energy security issue deserving the same urgency.
(2) The rush to boost LNG supply to Europe will stoke further African frustration with climate hypocrisy--unless development finance follows through.
(3) Rising oil and gas prices will hurt African electricity markets.
(4) But rising interest rates will also create headwinds for renewable projects.
(5) The need to diversify away from Russia will reinvigorate interest in African oil and gas production for export.
(6) As the urgency behind decarbonization intensifies, demand for critical minerals will spur investment in African mining.
(7) Russian actions (and Western financial sanctions) could give countries pause about betting on Russian nuclear technology.
