Oil still has a role to play in the energy market going forward and is forecast to dominate energy supply up to 2040; however, policy decisions will be critical in how Africa and its oil industries move forward to meet net zero targets, speakers said at the virtual Africa Energy Indaba on March 3. Energy African Leadership Centre director Dr Rod Crompton told attendees that South Africa’s policy stance, on whether it will continue to support internal combustion engines (ICE) and oil industries, or switch to supporting electric vehicles (EVs), will determine the future for oil in the country.
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