Friday, July 12, 2024

COP28: “New strategy can put the country at the forefront of the energy transition,” says Filipe Nyusi.

During the 28th United Nations Climate Change Conference (COP28) in Dubai, the President of the Republic of Mozambique, Filipe Nyusi, highlighted the bold Energy Transition Strategy (ETS), valued at 80 billion dollars, as a milestone that will position the country at the forefront of climate innovation. Nyusi said that this initiative will also consolidate Mozambique as an attractive and sustainable investment destination.
Facing the dilemma between economic development ambitions and energy access challenges, the president explained the need for the ETS in the face of the reality of a developing country with energy access levels below 53 per cent, but endowed with vast natural gas reserves. The strategy, according to Nyusi, will play a crucial role in the energy transition and will contribute to regional decarbonisation.

The four fundamental pillars of the ETS were outlined by the statesman during his speech at COP28. These include significantly expanding renewable energy capacity, promoting green industrialisation, encouraging universal access to energy and decarbonising transport through biofuels.
“The ambitious ETS sets out a clear path to harness these assets and enable sustainable growth nationally, while supporting emissions reductions locally and globally,” emphasised President Nyusi.
On 27 November, the Mozambican Ministry of Mineral Resources and Energy (MIREME) announced a massive investment of 80 billion dollars to implement the Energy Transition Strategy by 2050. This commitment was ratified by President Nyusi during the COP27 in 2022 in Egypt.
For the period 2024 to 2030, the Mozambican government plans to add 3.5 GigaWatts of new hydroelectric capacity by modernising existing plants and completing the Mphanda Nkuwa hydroelectric project.
Watch the revealing video from COP28, in which Mozambique’s Energy Transition Strategy, scheduled until 2050, was presented.

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