The intricate goal of energy security and energy transition: Considerations for Libya

• Published in: Energy policy Vol. 187; p. 114005
• Main Authors: Azubike, Victor C., Gatiesh, Marai M.
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.04.2024
• Subjects: Africa; Climate change; energy; energy policy; Energy security; Energy transition; Environment; Libya; National oil company; Net-zero; Oil and gas; oils; Libya; Energy security; Climate change; National oil company; Energy transition; Africa; Environment; Oil and gas; Libya; Net-zero
• ISSN: 0301-4215; 1873-6777
• DOI: 10.1016/j.enpol.2024.114005

Energy transition, net-zero goals, and climate change are important discussions that should be had alongside energy security by any oil and gas-rich country. Libya is rich in oil and gas and dependent on oil and gas for energy sources, and revenues amongst others. The East-West ceasefire that was reached over a while ago has become a monumental achievement for the country and has somewhat made it possible for the path toward the country's first-ever presidential election to be laid. As the country with the largest oil and gas reserve in Africa, energy transition becomes a crucial subject – leading the decarbonisation in the continent would be laudable. We looked at some recommendations that the Libyan government could take on board in the energy transition and potential difficulties. While aiming to achieve its energy security objectives. •The potential synergetic energy transition and energy security policy initiative.•Libya could be at the forefront of Africa's sustainable energy future.•There is room for progress in energy regulatory reform despite the instability.•The Libyan NOC could play a central role in energy transition initiatives.•The key factor for a sustainable energy economy in Libya is political stability.