The SPA is focused on ensuring that any natural resources within Somali territory is developed in accordance with the highest ESG standards, putting the communities and environment at the core.
The United Nations’ Sustainable Development Goals (UN SDGs) are a universal call-to-action to end extreme poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. The SPA believes that with careful strategic planning and implementation, the oil and gas industry in Somalia has the opportunity to contribute to the UN SDGs and support the world through the current global energy crisis.
Hydrocarbon production can foster economic and social development in Somalia by providing access to affordable energy, opportunities for decent employment, business and skills development, increased fiscal revenues and improved infrastructure.
Oil and gas development have historically contributed to some of the challenges that the UN SDGs seek to address including climate change and environmental degradation as well as economic and social inequality. The industry globally has made advances in avoiding, mitigating, and managing such impacts and the SPA is committed to putting these mitigations at the heart of the Somali oil and gas industry.
Through the Somali Petroleum Law, the landmark Revenue Sharing Agreement and the work of the SPA, it is possible to demonstrate that hydrocarbons production in Somalia will deliver a significant impact to at least seven of the 17 SDGs, listed below with examples of specific targets where the SPA can demonstrate an impact:
SDG 1 – No Poverty
- 1.4 – By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance
- 1.5 – By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters
- 1a – Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions
SDG 3 – Good health and wellbeing
- 3c – Substantially increase health financing and the recruitment, development, training and retention of the health workforce in developing countries, especially in least developed countries and small island developing States
SDG 4 – Quality education
- 4.4 – By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship
- 4.6 – By 2030, ensure that all youth and a substantial proportion of adults, both men and women, achieve literacy and numeracy
SDG 7 – Affordable and clean energy
- 7.1 – By 2030, ensure universal access to affordable, reliable and modern energy services
- 7.b – By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support
SDG 8 – Decent work and economic growth
- 8.1 – Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
- 8.2 – Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors
- 8.3 – Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services
- 8.6 – By 2020, substantially reduce the proportion of youth not in employment, education or training
SDG 9 – Industry, innovation and infrastructure
- 9.1 – Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all
- 9.2 – Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries
- 9.a – Facilitate sustainable and resilient infrastructure development in developing countries through enhanced financial, technological and technical support to African countries, least developed countries, landlocked developing countries and small island developing States
- 9.b – Support domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities
SDG 10 – Reduced inequalities
- 10.1 – By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average
- 10.3 – Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard
- 10.b – Encourage official development assistance and financial flows, including foreign direct investment, to States where the need is greatest, in particular least developed countries, African countries, small island developing States and landlocked developing countries, in accordance with their national plans and programmes