TotalEnergies Takes Action to Give Access to Clean Cooking to 100 Million People in Africa and India
May 14 2024 - 7:08AM
Business Wire
Regulatory News:
At the Clean Cooking Summit organized by the International
Energy Agency (IEA), TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE)
announced its ambition of giving 100 million people in Africa and
India access to clean cooking by 2030. TotalEnergies will therefore
invest more than $400 million in the development of liquefied
petroleum gas (LPG) for cooking.
In addition, to make clean cooking affordable for as many people
as possible, the Company will develop the use of digital
pay-as-you-cook technologies that allow customers to pay only as
they use the LPG cylinder, rather than having to pay the full value
of the cylinder volume up front.
According to the IEA1, more than 2.3 billion people
worldwide do not have access to clean cooking solutions and still
cook their meals on traditional stoves using wood and charcoal. As
the IEA points, access to cleaner cooking fuels, such as LPG,
helps:
- Improve people’s health thanks to better air quality,
limiting the risk of respiratory complications and cardiovascular
disease. Household air pollution is the second leading cause of
premature death among women in sub-Saharan Africa.
- Reduce gender inequality by facilitating access to
education, employment, entrepreneurship and, ultimately, financial
independence for women. Clean cooking solutions represent a
significant time-saver for people who would otherwise spend as much
as 20 hours per week collecting wood for cooking purposes.
- Reduce CO₂ emissions and deforestation. Universal access
to clean cooking solutions would result in emission savings of up
to 1.5 billion tons of CO2 equivalent by 2030 (of which 900 million
tons in Africa) – equivalent to the CO2 emissions produced by the
air and maritime industries in 2022 or the deforestation of forests
the size of Ireland each year.
“We praise this initiative by the IEA, which TotalEnergies
embraces to promote access to reliable, affordable and sustainable
cooking solutions for as many people as possible, in line with the
Company’s purpose” said Patrick Pouyanné, Chairman and CEO of
TotalEnergies. “By developing access to clean cooking in Africa
and India, TotalEnergies aims to have a positive impact on the
environment and on people’s health, while also helping to reduce
gender inequalities in these regions. Clean cooking contributes to
long-term social, economic and human development in a more
sustainable way.”
The company is already a major player in the distribution of LPG
in cylinders, with more than 50 million people in Africa and Asia
benefiting already from a reliable and cleaner energy.
***
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
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1 www.iea.org : “Vision for Clean Cooking Access for All”, July
2023
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