Page 1 - AfrElec Week 11 2022
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Issue 342 17•March•2022 Week 11
BP warns oil is yet to peak
BP’s 2022 Energy Outlook warns that oil production has yet to peak worldwide, but
renewables will eventually become by far the dominant energy source by 2050
Nigeria’s power investment needs
Nigeria will need $100bn over the next 20 years to solve its electricity supply problems
and meet rising demand
Standard’s exit from fossil fuels
Standard Bank, South Africa’s biggest lender in assets, says that it will stop financing all
new coal- and oil-fired plants as it plans to reduce fossil fuel exposure as part of a plan to
reach net-zero by 2050
