Energy poverty alleviation and its consequences on climate change mitigation and African economic development

Energy access and the transformation of energy systems into reliable and modern ones are key policy priorities, given the strict interrelation between energy, economic growth and sustainability. The current and projected trends on Africa's access to energy and electricity indicate that - unless new policies are implemented - the continent's ability to transition economically will be hindered by energy scarcity. The reality of climate change edicts that, while industrialization is a pre-requisite for Africa’s growth, clean energy should propel development. Gas and renewables will emerge in the energy mix of the continent. Providing energy access will not significantly exacerbate other global challenges such as climate change mitigation and will play a crucial role in the achievement of the 2030 Agenda targets as a driver of social and economic growth. Innovative financing and policy tools can help achieve a sustainable energy transition, and the EU can play a vital role in filling the investment gaps. The challenges in overcoming energy poverty and in mobilizing the investment needs for a reliable and sustainable energy infrastructure are significant.