This is why the international community should understand that the plan to defund gas projects in the run-up to the global Net-Zero emissions target would be unhelpful to developing countries like Nigeria.
Prof Osinbajo observed that Africa as a continent is home to the world’s youngest and fastest-growing population and in order to create jobs and enable climate-smart industrialisation, “the scale and quality of electricity services must increase significantly.” But he explained that the moves to defund gas projects wouldn’t help the “whole enterprise,” which “requires gas, especially if we are putting it on the grid. We want to be able to put renewable energy on the grid, we need power for industry, and of course, we are looking at the significant cost of that.”
“If energy access issues are left unaddressed, we will continue to see growing energy demand being addressed with high polluting and deforesting fuels such as diesel, kerosene and firewood.” The Vice President said, “Nigeria has already made a commitment to have 30 percent of our electricity supply from renewables by 2030. Also, natural gas is currently used for industry, fertilizer manufacturing, and cooking – which are more difficult to transition than power generation.”
The Vice President disclosed that Nigeria is the first African country that has developed an energy transition plan that seeks to demonstrate its commitment to global net-zero emissions.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: LeadershipNGA - 🏆 4. / 77 Read more »