An oil platform offshore Angola
Outlook 2024: Transition must balance sustainability with social cost
Many African nations rely on oil and gas revenues, but a just transition will need a careful balance
The global energy transition is underway, with policymakers seeking to decarbonise the energy mix to secure a sustainable future for the planet. This, of course, is in everyone’s interest and it’s a common goal that humanity should rightly focus on. However, the pace and shape of this energy transition is markedly different between the developed and developing world. There are diverse views on how an equitable and just global transition can be delivered to meet climate goals, while allowing developing nations to grow their economies to the benefit of their populations, as well as ensuring there is sufficient energy supply to meet growing global demand. Despite trillions of dollars’ worth of
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
