During COP28, President Nyusi is anticipated to formally introduce the energy policy to the global audience.
According to a top energy official on Monday, Mozambique has authorized an ambitious new energy transition plan that would last until 2050 in the hopes of attracting investments of around $80 billion to expand the availability of power and boost renewable energy capacity.
During the COP28 climate meeting in Dubai on December 2, President Filipe Nyusi is anticipated to formally introduce the energy strategy to foreign partners and prospective funders.
Priority plans for the period between next year and 2030 include expanding the national electricity grid, converting to electric vehicles to reduce emissions from the transportation sector, and adding 2,000 megawatts of new hydropower capacity through the completion of the Mphanda Nkuwa Hydropower Project and the upgrading of existing plants.
“We are currently polishing the document and intend to make it available to the public later this week,” Pedro Simao, the minister of energy’s special adviser, stated to the Reuters news agency on Monday.
On November 21, the Mozambican Council of Ministers gave their approval to the document.
In November 2022, the nation in Southern Africa shipped its first liquefied natural gas. It hopes that its abundant gas finds and potential for renewable energy would spur economic progress and enable millions of people escape poverty.
Even though the continent of Africa contributes the least to global emissions, nations there are getting ready to request more climate money for renewable energy projects ahead of COP28. Africa is perceived as being behind other continents in terms of environmental readiness.
Africa, home to 17% of the world’s population, produces just 4% of the world’s carbon emissions, or 1.45 billion tons. However, it has also been the site of some of the worst floods and droughts in recent memory, such as Cyclone Freddy earlier this year in Malawi and Mozambique, which claimed hundreds of lives and killed over 500.