Creative Energy Solutions to Boost African Agriculture
DATE: Tuesday 23 May 2017 TIME: 14:00 – 15:30
SETTING THE CONTEXT
- Mr. Amadou Hott, Vice-President Power, Energy, Climate Change and Green Growth, AfDB
Problems of energy and power deficits are at the heart of Africa’s low level of agricultural transformation, despite the continent’s endowment with abundant natural resources and favourable climatic conditions. The explanation for this paradox lies in the fact that agricultural transformation cannot be achieved without reliable power. The Bank’s New Deal for Energy in Africa aims at providing 205 million households with electricity by 2025, out of which 75 million could be offered off-grid solutions. Renewable energy generation potential is significant. Innovation is picking up and off-grid project costs are projected to decline faster, using more efficient appliances. The entry into force of the Paris Agreement in 2016 also sends a strong political signal to addressing problems of climate change. However, questions still remain: how to go from a few success stories to a systemic continent wide change? How to leverage opportunities and overcome barriers, including access to finance? What actions should policy makers, private operators and financial institutions take to achieve this ambition?
This panel will provide an opportunity to discuss one of the main enabler of Africa’s agricultural transformation. It will bring together experts and practitioners to address these issues and questions raised above by confronting stakeholders from different perspectives. It will also provide a platform of exchange of ideas whereby stakeholders can share their perspectives on how best the New Deal for Energy in Africa could be successfully implemented and scaled up.