This new power generation paradigm is, in many ways, a perfect fit for Africa. The continent enjoys some of the highest wind and solar energy resources on the planet, which means that the renewable energy plants built here boast some of the best productivity rates in the world.
Michael R Bloomberg, UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and Founder of Bloomberg LP and Bloomberg Philanthropies said the global transition from fossil fuels to clean energy has the potential to benefit economies and health across Africa.
If COP26 last year in Glasgow was about big pledges from governments and big business to provide a pathway to the goals of the Paris Agreement and enable a net-zero world by mid-century, then a successful COP27 has to be about finding out exactly how nations and corporations are planning to turn their promises into action.
The Nigerian electricity law consists of the body of law, which regulates the generation, transmission, distribution and trading of electricity in Nigeria.
Hydrogen has the potential to decarbonize a wide range of heavy industries including energy, chemicals, steel and cement, which means demand is going to be huge. In its Net-Zero Emissions scenario the IEA expects demand to increase fivefold from 2020 to 2050.
Absolutely. Ultimately, helping Nigerians thrive is exactly what NNPC Ltd. can and should be accomplishing.
By now, Nigeria should be building a second national power grid as well as regional grids, mini and micro-grids to distribute as much electricity as possible. Moreover, policies should drive private investment in alternative power sources, especially renewables – solar, wind, hydro, tidal, geothermal and biomass.
About 95 percent of international public climate finance is provided upfront before a project is operational. Results-based climate finance, on the other hand, is paid when results are achieved, and occasionally upon meeting interim milestones.
“Yet even as the climate crisis accelerates, Africa needs to close its huge energy access gap and achieve its development goals.”
Despite a 6-fold increase in the data being processed since 2010, data centre energy consumption has only risen by 6% to 2018 (Masanet et al, 2020). How has that been possible, and how does it inform sustainability developments into the future?
