COP27 Presentation

Hadley and Theo

Introduction

Eni By The Numbers

1926

6

30,775

68

44,000,000,000

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Eni Overview

Eni is seeking to contribute to a fair and just transition into an efficient, renewable, and low-carbon future in the context of increasing demand for power worldwide.

In order to achieve these goals, Eni is committed to a triple bottom line that generates “value for all of its stakeholders.” This approach necessitates:

1. Operational Excellence
2. Carbon Neutrality
3. Alliances for Development

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Eni and Sub-Saharan Africa

Why Sub-Saharan Africa?

• Nearly 800 million people globally live without access to electricity – 3/4s of them in Sub-Saharan Africa.
• How are we to make a global transition to clean energy with staggering inequalities in energy access? Drive for inclusivity.
• Africa will become increasingly influential in shaping global energy trends over the next two decades as it undergoes the largest process of urbanization the world has ever witnessed, according to the International Energy Agency.
• Great potential. Opportunity to shape this development in a way that is renewable.
• Wood Mackenzie estimates that achieving universal electricity access in Sub-Saharan Africa by 2030 presents a US$350 billion opportunity.
• Economic benefits.
• Clean energy can unlock sustainable economic growth, improve human health and well-being, and enable women and children to lead more productive lives.
• Social benefits.

Eni’s Presence in Sub-Saharan Africa

• 1954: Beginning of presence in Africa. First time Eni conducted business outside of Italy.
• Some statistics from 2020:
• Operated in 14 African countries.
• 3,143 Eni Employees worked in Africa.
• 44,2 million Euros spent in local development throughout Africa.
• 16.3 million Euros invested in infrastructure development activities.
• 7 upstream projects.
• 3 photovoltaic projects.
• Significant presence in Sub-Saharan Africa will continue to increase in years to come. Tremendous growth potential!

Our Challenge

Assist African countries in their energy transition by facilitating people’s access to forms of energy with a low environmental impact.

Solutions: Natural Gas

• Why natural gas?
• Environmental: In power plants, natural gas emits 50 to 60% less carbon dioxide than regular oil or coal-fired power plants. It also emits greenhouse gases with a lower life cycle into the atmosphere.
• Economic: Natural gas is the most cost-effective fossil fuel. 6.5 cents per KWh (25% less than costs associated with coal.)
• Efficiency: Natural gas produces more energy than any of the fossil fuels. 92% efficiency rate (compared to 32% efficiency rate for coal)
• Geographic: Significant discoveries made over the past decade in Mozambique, Tanzania, Senegal, and Mauritania have revealed a total of 200 trillion cubic feet of gas reserves, enough to supply 2/3s of current world demand for 20 years. Analyst Akap Energy forecasts that by 2025 this productive capacity will have increased by 150% to reach 84 mtpy.
• African countries able to exploit their own resources. Self-sufficiency.

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Solutions: Solar and Wind

• Why solar and wind?
• Environmental: One of the cleanest and most sustainable ways to generate electricity. Produces no toxic pollution or global warming emissions.
• Economic: Renewables were the world’s cheapest source of energy in 2020.
• Efficiency: Wind energy more than twice as efficient as solar energy.
• Geographic: African countries situated near the equator– sunlight all year round.

Solutions: Biofuels

• Why biofuels?
• Environmental: Reduce greenhouse emissions by 30% compared to fossil fuels.
• Economic: More expensive than fossil fuels.
• Efficiency: Lower energy densities, less energy efficient.
• Geographic: Sub-Saharan Africa possesses considerable resources to produce sustainable liquid biofuels, based on biomass feedstocks that would neither conflict with food supplies nor add to carbon dioxide emissions.

Our Proposal – broad vision

• Diversified mix of natural gas, renewable energy, and biofuels dependent upon specific countries.
• Cost.
• Efficiency.
• Climate/feasibility of solution (Lots of wind? Lots of farmland?)
• Biomass resource potential in Ghana, Mozambique, Nigeria, South Africa, and Uganda.
• Urban v rural spread.

Our Proposal – the specifics

1. Focus on construction of infrastructure. Total installed electricity capacity in Sub-Saharan Africa is about 100 gigawatts – similar to that of the UK. Unique opportunity to build energy system while avoiding past mistakes made (costly, inefficient, pollution, global climate change.)
1. Grid infrastructure.
2. Innovative solutions to energy poverty. (Source)
• Off-grid solar.
• Electricity production from photovoltaic (PV) plants (including floating systems.)
• Wind farms.
• Reforestation.
• Clean cooking solutions.
3. Transition from large centralized power systems to small-scale distributed power.
4. Partner with pre-existing projects.
• World Bank is implementing electrification projects in the rural areas in Mali, in conjunction with the Malian Agency for the Development of Household Energy and Rural Electrification.
5. Provide long-lasting supervision.
• Engage in long-term partnerships. Ensure that funds/infrastructure is being used in the most efficient way possible.

Which SDGs Benefit from this Solution

Through increased job opportunities, Eni is working towards SDG 8: Decent Work and Economic Growth.

Through renewable and biofuel projects, Eni is working towards SDG 7: Affordable and Clean Energy, and SDG 11: Sustainable Cities and Communities.

And through all of its projects, Eni is always seeking to realize SDG 9: Industry, Innovation, and Infrastructure.

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Our Pitch: International Partnerships

Ideal Partners

Currently, Eni is partnered with the United Nations Development Program to realize the UN’s Sustainable Development Goals in Sub-Saharan Africa.

As Eni expands its network of global and continues emphasize the value of local relationships, it would be natural to collaborate with the African Union’s Development Arm NEPAD (The New Partnership for Africa’s Development)

NEPAD’s Goals

NEPAD is seeking to implement:

• “High-impact projects” through program areas such as Infrastructure, Regional Integration, and Food Security

Also, NEPAD is working to realize

• The African Union’s ‘Agenda 2063’ which aspires to prosperity through the eradication of ‘poverty’ and an emphasis on self-sufficiency and a “high standard of living.” (Source)

The Role that We Can Play

Eni is already committed to uplifting communities socially and economically while maintaining the integrity of the environment, and shares the AU’s goal of reducing poverty and uplifting communities in sub-Saharan Africa.

As a partner, Eni and NEPAD could develop new projects throughout Sub-Saharan Africa with an emphasis on local relationships, participation, and engagement.

Additional Partners

NEPAD offers a stepping stone into a network of local relationships, however, Eni is also seeking to build local ties within each sub-region, country, and community where it operates in Sub-Saharan Africa.

Eni’s Livelihood Restoration Plan in Ghana serves as an example that Eni seeks to emulate across its locations.

Conclusion

Our Vision for Sub-Saharan Africa

“The good news is that the compelling case for clean energy in Africa has never been stronger than now, with so much demand for energy owing to population growth, increasing urbanization, industrialization and trade, and climate change among other factors.” -Very Songwe, UN Under Secretary-General

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The potential already exists; we are here to harness it.