How to citeLast update: June 2021
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- Ghana aims to increase its renewable energy capacity in the power mix from 43 MW in 2015 to 1364 MW in 2030.2 It has further committed to scale up the share of renewable energy in its national energy mix up to 10% by the same year.1
- A 1.5°C pathway would require natural gas and oil — contributing 43% and 7% of power supply respectively in 2017 — to be phased out between 2029 and 2035. This will drive the full decarbonisation of power sector by 2035.
- However, Ghana has indicated intentions to scale up its natural gas capacity — and possibly develop its first coal power plant.3 Combined with the recent USD 13.2 billion investment in the Jubilee, TEN and Sankofa gas fields, Ghana risks locking in high carbon infrastructure and creating stranded assets.4
- While Ghana’s renewable energy commitments are encouraging, they fall far short of what is required to reach 1.5°C compatibility, which would need renewables to account for at least 92% of Ghana’s electricity mix by 2030, and 100% by 2040. Plans to upscale natural gas capacity further undermines Ghana’s future 1.5°C compatible emissions pathway.