Monday 29th November 2021
Monday, 29th of November 2021
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Yearly Archives: 2021

COP26: Ministers discuss how finance can lead transition to climate resilient world

Scottish Event Campus

Finance ministers, international finance institutions and the financial sector met at COP26 on Wednesday, November 3, 2021 to get global finance flowing for climate action. The Scottish Event Campus (SEC) in Glasgow, main venue of COP26 Mobilising finance is said to be critical if the world is to deliver the urgent action needed to limit global temperature rises to 1.5C. Trillions ...

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UNECA launches $30bn facility to address continent’s bond issuance needs

Vera Songwe

The United Nations Economic Commission for Africa (ECA) has established the Liquidity and Sustainability Facility (LSF) that could reach $30 billion and will be dedicated to providing African governments with a liquidity structure on par with international standards so as to address the African Continent’s specific Eurobond issuance needs. Vera Songwe, Executive Secretary, UNECA The LSF is also intended to ...

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COP26: Kogi woos investors on green economy

Victor Omolafiye and Sharon Ikeazor

The Kogi State Government has held meetings at the ongoing United Nations Framework Convention on Climate Change Conference of Parties COP26 to woo investors on green economy. Kogi State Commissioner of Environment, Victor Omolafiye, with Environment Minister of State, Sharon Ikeazor, at COP26 Commissioner of Environment, Victor Omolafiye, said on Tuesday, November 2, 2021 in Glasgow that to boost it’s ...

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Shell unveils new energy business line in Nigeria

Osagie Okunbor

Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to meet the rapidly growing energy needs of wholesale customers and provide more and cleaner energy solutions in the country. Osagie Okunbor, Managing Director, Shell Petroleum Development Company Building on the success of Shell Nigeria Gas, Shell Energy Nigeria, aims to deliver ...

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COP26: Buhari pledges net zero emissions by 2060

Buhari COP26

President Muhammadu Buhari has pledged that Nigeria will cut its emissions to net zero by 2060. President Muhammadu Buhari Buhari made the revealation while delivering his national statement at COP26 Leaders’ Summit in Glasgow, Scotland, on Tuesday, November 2, 2021. The president said that attaining national and global climate change goals would require adequate and sustained technical and financial support ...

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COP26: Nigeria and the net-zero intoxication

Coal-Fired-Power-Plant

The accolades the Federal Government of Nigeria is according net-zero continues to bemuse the Nigeria and global climate justice community. Comments credited to top government officials paint the picture that the current administration may have bought the false and scientifically unproven net zero initiative that Shell and other Big Polluters contorted to remain in business while the climate continues to ...

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World leaders kick start accelerated climate action at COP26

COP26

World leaders are in the UK for day three of COP26 on Tuesday, November 2, 2021 where a wide range of announcements focused on signalling a clear shift from ambition to immediate action. Countries have made unprecedented commitments to protect forests, reduce methane emissions and accelerate green technology. L-R: UK Prime Minister, Boris Johnson; US President, Joe Biden; and UN ...

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Local production cheaper than GAVI’s vaccine plans, expert reveals

Covid-19 Vaccine

A consultant with African Vaccine Manufacturing initiative, Alexander Ochem, has revealed that it is cheaper to produce vaccines locally than depending on the structures put in place by the Global Alliance for Vaccines and Immunisations (GAVI). Small bottles labeled with a “Vaccine COVID-19” sticker and a medical syringe are seen in this illustration taken taken April 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo ...

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85m Nigerians lack access to power, says UNIDO

Jean Bakole

Regional Director of the United Nations Industrial Development Organisation (UNIDO), Jean Bakole, has said that 85 million Nigerians, summing up 43% of the entire country’s population, lack access to power from the grid. UNIDO Nigeria Country Representative, Mr Jean Bakole Mr Bakole who made this revelation on Thursday, October 28, 2021 while speaking at the stakeholders validation workshop on Bioenergy ...

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Our expectations for COP26, by least developed countries

Sonam P. Wangdi

Ahead of COP26 in Glasgow, the LDC Group – consisting of the 46 least developed countries who are the most impacted by the climate crisis despite contributing the least to it – is anxious to see real progress that will see emissions halved by 2030 and climate finance scaled up to support climate action in developing countries. Mr Sonam P. ...

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