- The plan is championed by Sustainable Energy for All, Rockefeller Foundation and Global Energy Alliance for People and Planet.
The Federal Republic of Nigeria has launched its energy transition plan to reveal pathways to achieving net-zero emissions by 2060. The transition plan was unveiled during COP 26 in November 2021. It aims to lift 100 million people out of poverty and drive economic growth; bring modern energy services to the total population, and manage the long-term job loss in the oil sector resulting from global decarbonization.
The plan is being championed by Sustainable Energy for All (SEforAll), Rockefeller Foundation and Global Energy Alliance for People and Planet. According to a press release by SEforAll, the energy transition plan has the following objectives:
- “Create awareness to drive demand in other African countries by emphasizing the need for data-driven country-level energy transition plans to achieve a just, inclusive and equitable energy transition for all ahead of the ‘African COP’ hosted by Egypt;
- Mobilize new partners by showcasing existing support for data-driven energy transition planning from international partners, including Sustainable Energy for All, The World Bank, The Rockefeller Foundation, and the Global Energy Alliance for People and Planet;
- Mobilize investors and the private sector by showcasing concrete projects to deliver the transition goals while creating significant market opportunities;
- Announce new opportunities for solar energy companies to obtain results-based finance from the Universal Energy Facility as part of a new financing window focused on supporting Stand-Alone Solar for Productive Use.”