Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award

    May 30, 2023

    Napoli offer Osimhen pay rise

    May 30, 2023

    Alex Otti plans to recruit 5,000 teachers

    May 30, 2023
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      Alex Otti plans to recruit 5,000 teachers

      May 30, 2023

      Tinubu makes history as first former governor, senator to be president

      May 30, 2023

      An End And A New Beginning For Nigeria

      May 30, 2023

      President Bola Tinubu Inspects Guard of Honour

      May 30, 2023

      ASIWAJU TINUBU’S DATE WITH DESTINY

      May 30, 2023
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment May 30, 2023

      5 classic Nigerian shows that kept us glued to our TVs

      Recent

      5 classic Nigerian shows that kept us glued to our TVs

      May 30, 2023

      Lawrence Happy at the maids.com

      May 29, 2023

      Lawrence Happy at maids.com

      May 29, 2023
    • Business

      Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award

      May 30, 2023

      AMNESTY: FROM STIPEND TO ENTREPRENEURSHIP

      May 30, 2023

      Fancy Acholonu Nigerian-American model & entrepreneur launches new fragrance line, Simply Fancy

      May 30, 2023

      Nigerian youths are creative, resilient – MTN foundation

      May 29, 2023

      How to be productive with your phone

      May 29, 2023
    • Health

      Skincare Myths For Everyone Who Cares

      May 25, 2023

      CIPM celebrates International HR Day

      May 24, 2023

      No need for Nigerian Presidents to travel Abroad for medical treatment – Aisha Buhari 

      May 20, 2023

      Should You Soak Your Feet In Cold Water To Relieve Pain At Night Regularly ? 

      April 30, 2023

      Panorama: When Suicidal Thoughts Loom: Be Resilient, Be Optimistic.

      April 25, 2023
    • Culture

      Legend of Alkebulan Showcases African Rich Culture

      May 24, 2023

      My NYSC Story: I discovered myself and want to serve all over again

      May 22, 2023

      10 Morning Routine Habits Of Successful People

      May 11, 2023

      Photo Shows “White Ram Intended for Sacrifice” for Crowning of Prince Charles as King of England?

      May 9, 2023

      Why we are slow in picking new Alaafin, Soun — Makinde

      April 28, 2023
    • Lifestyle

      10 things to know about late Raymond Dokpesi

      May 30, 2023

      ASIWAJU TINUBU’S DATE WITH DESTINY

      May 30, 2023

      Dangote came to Lagos with nothing, built an empire in 45 years – Sanwo-Olu

      May 30, 2023

      Atiku, Murray-Bruce, Momodu, others mourn Dokpesi   

      May 30, 2023

      OUR FATHER AND HERO HIGH CHIEF RAYMOND DOKPESI HAS PASSED ON

      May 29, 2023
    • Sports

      Napoli offer Osimhen pay rise

      May 30, 2023

      Man Utd beat Chelsea 4 – 1, qualify for Champions League

      May 26, 2023

      Man Utd Asked to Pay £140m for Osimhen’s Transfer to Old Trafford 

      May 26, 2023

      Shaibu Says Edo Ready to Host Nigeria’s First Gold Label Race at Okpekpe 

      May 26, 2023

      Shaibu Says Edo Ready to Host Nigeria’s First Gold Label Race at Okpekpe 

      May 26, 2023
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»News»Osinbajo Lists Pathways for Climate-Positive Economic Growth in Africa 
    News

    Osinbajo Lists Pathways for Climate-Positive Economic Growth in Africa 

    Ifetayo AdeniyiBy Ifetayo AdeniyiApril 25, 20236 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

     

    Osinbajo Lists Pathways for Climate-Positive Economic Growth in Africa 

    *Cites continent’s endowments, renewable energy, natural resources, young workforce as compelling channels 

    *Says Africa offers solutions for global net zero ambitions

    Vice President Yemi Osinbajo has posited that African countries can only attain middle-income status, and societal and individual prosperity for its people, if the issue of energy poverty is tackled frontally and reflected in the global energy transition conversations.

    He has, therefore, outlined specific pathways that will lead to climate-positive economic growth in the continent and at the same time lead to the realization of the global net-zero emissions targets.

    Delivering a special public lecture entitled “Energy Transition in Africa” at the University of Pennsylvania in Philadelphia, United States of America (USA), the Vice President spoke about Africa’s potential in the realization of the global energy transition targets.

    According to him, Africa’s endowments, renewable energy, natural resources and a young workforce, present a compelling set of circumstances for several pathways to climate-positive growth.

    Osinbajo listed the pathways to include:

    “Low emissions consumption and production, the point being that Africa can, instead of going the carbon-intensive path to providing energy, goods and services for its own needs, takes full advantage of green technologies and practices. There is the distinct advantage that Africa can actually pursue a green course of growth without worrying about costly legacy infrastructure.

    “The second pathway is that having recognized the fact that global zero carbon ambitions cannot be realized without intentional carbon removal technologies and practices, Africa can ramp up her own potential to do this at scale through a combination of planned land use and ecosystem management, and investment in emerging engineered removal technologies. Already Africa’s large carbon sinks, currently store years of global emissions and the abundant supply of unused agricultural waste is available as biomass for clean energy production and soil improvement.

    “The third pathway, is that, with its abundant reserves of renewable energy and raw materials, Africa can become a hugely competitive green manufacturing and energy hub for the world that could also accelerate the greening of global industry. Thus, the paradox of an energy-poor continent becoming the green industrial powerhouse of the world is easily resolvable and must be”.

    He however proposed that the developed world changes its perception of Africa, and not see the continent merely as a victim but as a solution in the climate change conversations and the attainment of the global net zero targets by 2050-2060.

    According to him: “Africa’s own growth and development are not being seriously accommodated in the global Energy Transition conversations. Yet, a strategic key to attaining global net zero by 2050 may well lie in seeing Africa from a different paradigm, not merely as a victim but as a solution.”

    He noted that beyond climate justice, may lie a real opportunity for Africa and the world. This opportunity is the distinct possibility of Climate Positive Growth for Africa. In other words, a paradigm where Africa pursues a climate positive or carbon negative path to middle-income status and beyond.

    Continuing, he said “this contains, in and of itself, part of the solution to global net zero ambitions. Because if, as is the case, some countries will not meet their net-zero-by-2050 targets, then some significant portion of the world must be climate positive or net negative, for global net zero to be achievable. Put differently, since many regions are already off track to achieve net-zero by 2050, some other regions must fill the gap, if global targets must be met.”

    On energy poverty, Osinbajo argued that it can only be resolved “if there is a significant investment in renewable energy, and that can only happen if we create the energy intense anchor demand that makes the investment in additional renewable energy bankable. Therefore, it is not which comes first – renewable energy generation capacity or industrial deployment, both must be developed concurrently.”

    Commenting on Africa’s dependence on its oil and gas resources, the Vice President noted that the use of gas as a transition fuel will not significantly derail our commitment to carbon-negative growth. Nigeria’s Energy Transition Plan attempts to chart an energy transition pathway which has as its bedrock, the development of renewable energy, specifically solar.

    “The plan is to develop 250 gigawatts of solar capacity by 2060. The plan outlines our decarbonisation strategies in the areas of power, oil and gas transportation, etc. It also mitigates against medium to long-term job losses in an industry that has dominated the economy for decades.

    “It recommends the role of gas as a transition fuel, to balance large influxes of solar power on the grid, its use as a cheaper, and relatively clean option for base load power for industry, as we watch the cost of solar batteries plunge.

    “There are also practical ways in which gas, especially propane, will bridge the gap before the full use of renewables is commercially practical. To illustrate the point practically, recently some discussions have been taking place about the decommissioning of industrial scale diesel and petrol generators used at base stations of telecommunication companies in Nigeria,” he added.

    Earlier in her welcome remarks, Interim Provost of the University of Pennsylvania, Prof Beth Winkelstein, noted the planet is facing an “existential struggle against climate change for our earth and indeed for us to last, we must join with our fellow nations around the world in this struggle.

    “Like many countries including the United States, Nigeria is challenged by competing and sometimes conflicting interests and its development prospects are complex. Nigeria holds amongst the continent’s largest proven oil reserves and faces a potentially perilous future of climate-induced sea level rise and drought. In short, global progress in the battle against climate change needs Nigeria’s partnership and participation.”

    On his part, Prof. Tukufu Zuberi of the Africana Centre spoke about the relationship between the University and Nigeria, thanking the Vice President for honouring the institution’s invitation, and noting that the lecture series was part of its efforts in correcting the negative perceptions about Africa.

    According to him, “Africa in many ways, has not been treated fairly in conversations, often this treatment is simply a result of not understanding Africa.”

     

     – thisdaylive.com –

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleMan United beat Brighton on penalties to set up Manchester derby FA final
    Next Article 2022 FYE: Five Big Banks Stand Firm Despite Economic Headwinds
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News May 30, 2023

    Alex Otti plans to recruit 5,000 teachers

    News May 30, 2023

    “I look forward to working with Tinubu,” says Biden

    Politics May 30, 2023

    An End And A New Beginning For Nigeria

    Lifestyle May 30, 2023

    Dangote came to Lagos with nothing, built an empire in 45 years – Sanwo-Olu

    Politics May 30, 2023

    Peter Mbah signs 3 executive orders after becoming new Enugu governor

    Lifestyle May 30, 2023

    Atiku, Murray-Bruce, Momodu, others mourn Dokpesi   

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    Business May 30, 2023

    Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award

    Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award Chief Executive Officer of Fidelity Bank PLC,…

    Napoli offer Osimhen pay rise

    May 30, 2023

    Alex Otti plans to recruit 5,000 teachers

    May 30, 2023

    Tinubu makes history as first former governor, senator to be president

    May 30, 2023

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: info@megastarmagazine.com
    Contact: +234 705 311 1111

    Our Picks

    Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award

    May 30, 2023

    Napoli offer Osimhen pay rise

    May 30, 2023

    Alex Otti plans to recruit 5,000 teachers

    May 30, 2023
    New Comments
    • Nene on Ohanaeze Ndigbo Women Solicits for a Panacea Peace,Unity Progress and promotes culture
    • Favour Egbune on EXCLUSIVE INTERVIEW: LOVE TO WORK WITH BURNABOY SOON, SAYS KENDRICK AWE.
    • Akpobo on Olu of Warri: Ex-President Jonathan Congratulates Tsola Says His Emergence Divinely Ordained
    • Austine on God is my role model,every other person copied from other people in a way or two – Hopey J
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2023 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.