, has highlighted the critical need for Nigeria and other African nations to harness their renewable energy capabilities to enhance access to power. He noted that utilising resources such as tropical forests, peatlands, and oceans not only offer renewable energy solutions but help countries to generate income through high-quality carbon credits.
However, the report cautions that without ensuring the additionality of credits, proper governance, and sufficient pricing, there’s a risk of creating market incentives that could boost carbon emissions and hinder the continent’s climate change mitigation efforts.Given the inconsistent power supply across the country, Oye noted that supporting individual residential buildings throughout Nigeria to become fully self-sufficient in renewable energy.
He underscored the importance of investing in alternative energy sources that facilitate systemic transformation, viewing this as essential for achieving ambitious and collective climate objectives. This holistic approach,he noted, aligns with the broader global imperative to mitigate climate change and transition towards sustainable energy systems.
Researchers report that 53% of European freestanding homes could have supplied all their own energy needs in 2020 using only local rooftop solar radiation, and this technical feasibility could increase to 75% in 2050.