By Nneka Nwogwugwu
Adoption of green economy, blue economy, and forestry to tackle the effects of climate change are focus of rhe upcoming 28th Nigerian Economic Summit (#NES28).
NES is being organised by the Nigerian Economic Summit Group (NESG) and the Federal Ministry of Finance, Budget and National Planning.
Recently, NESG and the Federal Ministry of Finance, Budget, and National Planning held a pre- 28th Nigerian Economic Summit (#NES28) event with the theme “Roadmap to Nigeria’s COP: A Pragmatic Path to Net Zero Using the Green Economy, Blue Economy & Forestry.”
In her welcome remarks, a Board member of the NESG, Ms. Ndidi Nwuneli, said that following the Kyoto Protocol, Nigeria developed a policy document for climate activities in 2012 titled the National Climate Change Policy Response and Strategy, which was later revised to define a new framework to guide the country’s response to the developmental challenges of climate change.
Related Posts
Furthermore, Ms. Nwuneli noted the importance of securing a pragmatic path to NET zero and addressing the energy transition path to Net zero.
She reiterated the importance of tracking Nigeria’s commitment as the country meets up to her end of the bargain, considering the current food crises and the link between climate and food production.
Dr. Anthony Nyong, Director of Climate Change and Green Growth Department African Development Bank (Climate Change), said that Nigeria can address its NetZero mission by utilizing Climate change & Green Economy, Blue Economy, and Forestry to achieve its objective.
He noted that this can be accomplished by transitioning to more efficient energy sources that focus on industrialization via scaling up the use of gas and blue hydrogen in the short to medium term and ultimately transitioning to green hydrogen as the primary industrial fuel by 2060.
On his part, founder and CEO of AO Blue Economy & Energy Consulting, Mr. Adekola Oyenuga, said that domestic and international climate change policies and deliberate steps towards energy transition have grown in leaps since the establishment of the United Nations Framework Convention on Climate Change (UNFCCC) in 1992.
