{"id":66321,"date":"2022-11-06T18:31:52","date_gmt":"2022-11-06T17:31:52","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=66321"},"modified":"2022-11-06T18:31:52","modified_gmt":"2022-11-06T17:31:52","slug":"oando-clean-energy-limited-leads-nigeria-private-sector-discourse-at-cop27","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/oando-clean-energy-limited-leads-nigeria-private-sector-discourse-at-cop27\/","title":{"rendered":"Oando Clean Energy Limited Leads Nigeria Private Sector Discourse At COP27"},"content":{"rendered":"

Today, the 27th United Nations Climate Change Conference (COP27) themed \u2018Delivering for People and the Planet’\u00a0\u00a0kicks off in Sharm El Sheik, Egypt.<\/p>\n

The event will host more than 45,000 registered COP27 participants representing Parties, the United Nations (UN), regional non-governmental and intergovernmental organizations, businesses, the scientific community, local communities as well as civil society to jointly enhance and accelerate the implementation of climate action and follow up on collective commitments and pledges.<\/p>\n

Tagged Africa\u2019s COP, the event couldn\u2019t have been hosted in Africa at a better time. Africa is no stranger to the disproportionate impact of climate change. The continent contributes only 3% to greenhouse gas emissions but suffers disproportionately from its negative impacts.<\/p>\n

Today, Africa loses between $7 billion and $15 billion annually to climate change and according to Akinwumi Adesina, President of the African Development Bank, \u201cIf things don’t change, it will be $50 billion a year by 2030.\u201d<\/p>\n

Last year, Madagascar became the first country on earth to suffer a famine solely due to the impact of climate change. By 2050, climate change will lead to an additional 78 million people experiencing chronic hunger \u2013 over half of them in Africa.<\/p>\n

Therefore, Egypt hosting COP27 is significant and incredibly important for Africa and the rest of the world.<\/p>\n

As Africa\u2019s largest economy and most populous nation, Nigeria will be actively participating in COP27 with the Honourable Minister of Environment, Mohammed H. Abdullahi amongst other Nigerian stakeholders scheduled to attend.<\/p>\n

In the private sector, Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando PLC will also be in attendance. You would recall that at COP26 in Glasgow, President Muhammadu Buhari, pledged that Nigeria would reach net zero carbon emissions by 2060.<\/p>

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Part of the discourse this year will be reviewing where countries are in relation to the commitments they made in 2021.<\/p>\n

OCEL will join key renewable players across the African public and private sector to reiterate the role the continent is playing in supporting global targets and creating a more sustainable future.<\/p>\n

Specifically, OCEL in partnership with the Federal Ministry of Environment, Ministry of Niger Delta Affairs, National Council on Climate Change (NCCC), Renewable Energy Association of Nigeria (REAN), and Stratus Consult Limited, will lead two dialogues at the Nigeria Pavilion.<\/p>\n

The first dialogue themed \u2019Decarbonising an Oil-rich Region: A Case for the Niger Delta, Nigeria\u2019 will hold on Thursday, November 10 and the second \u2018Achieving Nigeria\u2019s Net Zero Target: A Public-Private Partnership\u2019 will take place on Friday, November 11.<\/p>\n

These events will showcase the investments the company is making in renewable energy in Nigeria and the importance of Public Private Partnerships in enabling the nation actualize her industrialization goals whilst at the same time supporting the achievement of global climate change ambitions.<\/p>\n

If COP26 was about countries making promises to avoid catastrophic climate change, the broader themes in Egypt will be moving from ambition to action, especially in Africa.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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