- On February 21, 2024, the Electricity Hub, a Nextier Group subsidiary, hosted the 91st Power Dialogue focused on Nigeria’s commitment to achieving energy transition and addressing climate change.
- Panellists stressed the private sector’s pivotal role in Nigeria’s climate journey, with $300 million pledges secured to combat energy poverty. The dialogue highlighted the need for tailored climate action, balancing energy access with sustainable development, and underlined the significance of collaboration among the government, funders, private sector, and civil societies for achieving Nigeria’s climate goals.
On February 21, 2024, the Electricity Hub, a subsidiary of the Nextier Group, hosted its 91st Power Dialogue themed COP 28: Keeping the 1.5 Climate Commitment in Nigeria focused on achieving Nigeria’s energy transition in line with her climate commitment at Cop 28.
Emeka Okpukpara, the moderator and Partner for the Power arm of the Nextier Group, emphasized Nigeria’s strong commitment to addressing climate change globally during its participation at the 28th Conference of the Parties (COP28). With a delegation of 1,400 representatives, comprising 2% of total attendees, Nigeria showcased its dedication to sustainable development.
The session delved into strategies for improving renewable energy integration, addressing grid stability and reliability challenges, and actively pursuing energy transition goals.
Seasoned experts on the Power Dialogue panel, including Michael Ivenso, Director of Energy Transport and Infrastructure at the National Council on Climate Change (NCCC); Lucky Abeng, Research Expert in Climate Justice from the Commonwealth Youth Climate Change Networks; and Zainab Datti, Project Manager for the Energy sector portfolio at Agence Francaise de Developpement (AFD), discussed innovative solutions for optimizing renewable energy deployment and ensuring a smooth transition to a sustainable energy future.
During COP28 in November 2023, Nigeria secured significant pledges totalling $300 million to combat energy poverty, demonstrating international recognition of Nigeria’s energy challenges. The Nigerian pavilion, curated by the National Council on Climate Change (NCCC), stood out as a focal point for showcasing the nation’s initiatives and aspirations in combating climate change.
However, amidst discussions, Zainab Datti emphasized the importance of tailoring climate action strategies to Nigeria’s unique context. While acknowledging the global nature of climate change, panellists stressed the need to balance energy access with sustainable development, aligning with Nigeria’s Nationally Determined Contributions (NDCs).
Michael Ivenso highlighted, “The increased private sector engagement at COP28 signifies a pivotal moment in Nigeria’s climate journey. As we emphasize sustainable development, the active involvement of businesses is essential in accelerating progress towards our climate goals.”
The dynamic exchange of ideas at COP28 deepened awareness of the urgency surrounding climate action, highlighting the significance of global cooperation in addressing shared environmental challenges. The robust representation of the private sector at COP28 reaffirms Nigeria’s commitment to harnessing the expertise and resources of the business community for meaningful climate action.
Ivenso pointed out that Nigeria’s 2% representation in absolute population terms paled in comparison to the substantial 70% private sector presence at the conference. Despite
substantial pledges, questions remain about the tangible execution of commitments, emphasizing the need for diligent scrutiny and accountability.
Lucky Abeng emphasized that discussions at COP28 primarily focused on the inaugural Global Stocktake (GST) and the imperative of adaptation in the face of climate change. While progress was noted, there was recognition of the need for enhanced representation, particularly concerning the participation of young people. Abeng also stressed the civil society’s commitment to advocating for greater inclusivity in future climate negotiations.
Michael Ivenso suggested prioritizing the rapid adoption of renewable energy and enhanced energy efficiency in response to the recent GST outcome. Stressing the importance of utilizing domestic solutions, he highlighted growing security risks associated with escalating temperatures and committed to global initiatives like the Global Coding Pledge.
In conclusion, Mr Abeng stated, “Following a recent government validation of NDC costing, the firm acknowledges its responsibility to contribute despite being among lower emitters. We are committed to playing our part within the framework of our NDCs, emphasizing the importance of collaboration in achieving climate goals.”
Zainab Datti noted that Nigeria leverages its influence within Africa and ECOWAS to secure tailored financing solutions for sustainable development initiatives. Emphasizing the commitment to the 1.5-degree Celsius target, she stated, “We recognize the importance of diversifying our renewable energy portfolio, including hydroelectric power alongside solar.”
Datti stressed the significance of understanding local community needs and involving stakeholders from various sectors to ensure projects make a positive difference. Collaboration with the private sector, civil society organizations (CSOs), NGOs, and financial institutions aligns with Nigeria’s commitment to implementing projects that address climate goals, tackle local issues, and promote sustainable development.
The panellists unanimously agreed that achieving Nigeria’s climate commitment requires collaboration among the government, funders, private sector stakeholders, and civil societies. Acting independently is not viable for conducting a national goal, making collaboration crucial.
Full YouTube video available here