He said that energy transition discourse should revolve around the implementation of a fair, equitable and sustainable energy mix that entrenches the principles of inclusiveness and guarantees energy security.
Komolafe stated, “I believe that, while we deliberate on the global transition to renewable and sustainable energy, the discourse around the future of African upstream oil and gas should be open and unbiased and should consider the following: “Energy transition discourse must be balanced by the energy needs for developing economies and the rights of fossil fuel rich countries to develop using their naturally endowed resources.
“Focus should be on safe disposal and mutilisation of CO2 in the harnessing of oil and gas resources and not the intentional de-funding of petroleum assets in the guise of energy transition. The concept of ‘Just Transition’ is necessary as developed economies have utilised fossil fuels in the development of their infrastructure within the last century and would therefore be just and fair for emerging economies like Africa to have similar opportunities in a ‘phase down’ approach.