Economy

Govt concerned about market abuses in bid to transition to cleaner, renewable energy

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Government is concerned about the current market abuses and social injustices in the energy sector, particularly on renewable technologies.

This is evidenced by consumers’ concerns over the low quality as well as high prices of energy efficient and renewable energy technologies in the market, says Commerce, Trade and Industry permanent secretary, John Mulongoti, at the World Consumer Rights Day Commemoration.

Mulongoti stressed that while the promotion of renewable energy and energy efficiency technologies can lead to a clean energy transition, they were prone to market abuses.

He, therefore, urged all stakeholders to work with government in providing solutions on how these concerns could be addressed.

“It should be noted and emphasised that the energy sector is also prone to market abuses and social injustices as evidenced by consumers concerns over the low quality as well as high prices of energy efficient and renewable energy technologies on the market.

“It is, therefore, my expectation that this event will not only provide an opportunity for increasing consumer awareness on their basic rights but also create a platform for consumers to air their concerns on market abuses and social injustices that they face as they access services from not only the energy sector but also other sectors as well,” Mulongoti said.

Read more: Govt dismantling regulatory barriers hampering adoption of renewable energy —Minister Mulenga

He stated that transitioning to clean energy was not the government’s responsibility alone, but should be embraced by all stakeholders.

Mulongoti pointed out that government would continue to advocate for both businesses and consumers to embrace technologies and solutions that would help mitigate the effects of climate change as well as create a resilient and climate-friendly economy.

He said it was, therefore, gratifying to see the clean and modern alternative technologies and fuels being showcased at the celebration such as liquefied petroleum gas and other products.

“You will agree with me that Zambia has not been spared from experiencing the adverse impact of climate change. We, therefore, need to hold hands together to mitigate this challenge.

“As we continue to enhance trade and investment for the growth of our economy, government is cognizant of the need to ensure that economic growth happens in a sustainable manner,” Mulongoti said.

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