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Renewable Energies: WAEMU Countries Opt for a Common Energy Policy

WAEMU intends to establish a common energy policy. The various ministers reflected during this meeting on the establishment of a legal community to ensure the development and promotion of sustainable renewable energy. The project is part of the Common Energy Policy and the Regional Initiative for Sustainable Energy initiated by the WAEMU Commission, which includes eight countries.

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The West African Economic and Monetary Union (WAEMU) intends to establish a common energy policy. As part of the implementation of this regional initiative, the ministers in charge of energy of the WAEMU Commission met on Friday, December 3rd, 2021, in Ouagadougou, to adopt and validate the draft directive of this policy.

This project of the sub-regional institution aims to improve the production and diversity of energy in the community space. To achieve this, the various ministers reflected during this meeting on the establishment of a legal community to ensure the development and promotion of sustainable renewable energy.

During the meeting, the Commissioner in charge of energy within WAEMU, Paul Koffi Koffi, said that the initiative aims to promote energy stability in the sub-region. And this stability, according to him, is to extend the benefits of energy resources of some countries to all countries in the subregion and smooth the deficits of some countries by the surpluses of others. He suggested in his speech that the search for competitive energy is at the heart of WAEMU’s common policy. And this, he said, consists of three acts: electrical interconnections, optimization, and energy diversification.

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Burkina’s Energy Minister welcomes the choice of his country

After welcoming the choice of Burkina for this meeting, the Minister of Energy, Mines, and Quarries of Burkina Faso, Bachir Ismael Ouédraogo, said that access to quality energy remains a challenge for these countries. “In the world, one billion people do not have access to electricity. Among these billion, 700 million people are in Africa and the WAEMU area has the highest percentage,” said Minister Ouédraogo, to emphasize the relevance and importance of the project.

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According to him, this framework for collegial dialogue on energy is a process of improving the regulatory environment for the promotion and development of renewable energy in the WAEMU area. The initiative will also help address environmental concerns and contribute to reducing the dependence of various states on imported fossil fuels.

In front of his counterparts, Bachir Ismael Ouédraogo said that this ministerial meeting comes after the review by experts of this project called “Directive on the promotion and development of renewable energy in the WAEMU area.

At the end of the discussions, the participants will examine and make recommendations for the adoption of the project by the Council of Ministers of the WAEMU Commission.

The project is part of the Common Energy Policy and the Regional Initiative for Sustainable Energy initiated by the WAEMU Commission, which includes eight countries.

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(Featured image by distelAPPArath via Pixabay)

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First published in lefaso.net, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.