The World Bank has declared 25 of the 54 nations in Africa to be in energy crisis. Energy development has not kept pace with rising demand in developing regions, placing a large strain on the continent’s existing resources over the first decade of the new century. From 2001 to 2005, GDP for over half of the countries in Sub Saharan Africa rose by over 4.5% annually, while generation capacity grew at a rate of 1.2%
South Africa meets around 77% of its energy needs through coal. While it is largely used to generate electricity, a significant amount is channelled to synthetic fuel and petrochemical operations. Around 28% of coal production is exported.
Investing in energy efficiency creates jobs, fosters economic growth and improves energy security for countries that lack domestic fossil fuel resources.
Of the three objectives of Sustainable Energy for All, improving energy efficiency has the clearest impact on saving money, improving business results, and delivering more services for consumers—better refrigerators that cost the same but use less energy; new vehicle designs that travel further on less fuel; and buildings that require less energy to heat and cool.
Energy efficient systems and renewable energy sources could reduce our dependence on fossil fuels by 70% by 2040
Investing in efficiency is critical to meeting future energy demand and mitigating climate change. It reduces greenhouse gas emissions and improves productivity. By reducing energy demand, efficiency also makes renewable energy more affordable.