Civil Society Organizations (CSOs) in the energy sector are calling on the government to consider allocating petroleum revenue to fund renewable energy investments. This move, they believe, will accelerate the country’s energy transition agenda and increase the share of renewables in the power generation mix.
Speaking at a media briefing in Accra, Dr. Steve Manteaw, Chairman of the Ghana Extractives Transparency Initiative, stressed the importance of investing in renewable energy. He emphasized that allocating petroleum revenue to green projects would not only support the country’s energy transition but also provide job opportunities for the youth.
Dr. Manteaw’s comments highlight the growing need for Ghana to diversify its energy mix and reduce its reliance on fossil fuels. By investing in renewable energy, the country can decrease its carbon footprint, improve energy security, and create sustainable jobs for its citizens.
The CSOs’ proposal is timely, as Ghana seeks to achieve its Nationally Determined Contributions (NDCs) under the Paris Agreement. The country has pledged to reduce its greenhouse gas emissions by 15% by 2030.
As the government considers the CSOs’ proposal, it is essential to weigh the benefits of investing in renewable energy against the potential risks and challenges. By doing so, Ghana can create a sustainable energy future that supports its economic growth, improves the health and well-being of its citizens, and protects the environment.
Ruth Abla ADJORLOLO
