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Petroleum Industry Act implementation firmly on track – MEMAN

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The Major Energies Marketers Association of Nigeria (MEMAN) has said that the implementation of the Petroleum Industry Act (PIA) remains firmly on track.

Huub Stokman
Chairman, Major Oil Marketers Association of Nigeria (MOMAN) and Managing Director of Nigerian National Petroleum Company Retail Limited, Huub Stokman

The organisation made the submission at its Q1 2025 Press Training & Engagement held in Lagos on Wednesday, March 26. The session brought together industry experts to provide critical insights into the evolving energy sector.

According to MEMAN, while ongoing debates and discussions are expected, they should be encouraged as part of the natural evolution of a market-driven energy sector. The transition from a state-controlled system to a competitive, deregulated market is essential for fostering efficiency, transparency, and long-term economic growth, added the group.

“However, this transition requires patience, adaptation, and trust. As the market stabilises, challenges will arise, and resistance from those accustomed to price control is inevitable. But with robust regulation, industry collaboration, and public transparency, Nigeria can fully realise the benefits of this transformation. A well-functioning, deregulated market will attract more investment, improve efficiency, and create a more competitive landscape that benefits both businesses and consumers.”

As key industry stakeholders, MEMAN says it supports the role of regulatory agencies such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Federal Competition and Consumer Protection Commission (FCCPC) in ensuring a fair, competitive, and well-regulated marketplace.

“It is imperative that their efforts remain focused on market stability, consumer protection, and building public confidence in the reform process,” noted MEMAN.

The session featured two distinguished speakers:

  • Engr. Mark Williams, a petroleum refining expert, who delivered an in-depth presentation on the fundamentals of refining crude oil, the types of refineries, and the key processes involved.
  • James Gooder, VP, Crude Oil, Argus Media, who led a session on gasoline pricing and the benefits of adopting trade and product flows, highlighting how global pricing mechanisms influence Nigeria’s downstream market.

MEMAN states that engagements like this, which foster industry dialogue and thought leadership, are precisely what it expects, encourages, and believes are essential for market growth and development.

Govt working to establish sustainable land administration system – Shettima

Vice President Kashim Shettima says the Federal Government is working to establish a sustainable land administration system in the country.

Kashim Shettima
Alhaji Kashim Shettima, Vice President of Nigeria

Shettima, represented by Sen. Ibrahim Hadejia, Deputy Chief of Staff to the President, made this known at a three-day National Land Conference 2025 on Wednesday, March 26, in Abuja.

The conference, with the theme: “Reforming Land Governance for Sustainable Development in Nigeria”, was organised by the National Institute for Policy and Strategic Studies (NIPSS), in collaboration with Johnbull Amayaevbo Foundation.

The Vice President said the Land Use Act of 1978 had been the legal and policy framework for land ownership, management, and administration in Nigeria.

According to him, although the Act has significantly shaped land administration and management in Nigeria, it has also contributed to systemic challenges that must now be addressed.

“However, the Act, now 48 years old, is undeniably due for review and reform.

“The time has therefore come for a thorough reassessment to identify necessary amendments and ensure its relevance in the evolving socio-economic landscape.

“Analysts have criticised the Land Use Act as an impediment to Nigeria’s socio-economic development, underscoring the need for comprehensive review to realign its policies with the goals of sustainable growth, equities and efficiency,” he said.

Shettima said in line with that, the current administration inaugurated four reform task teams in Jan. 2024.

This, he said, was to develop a strategic blueprint for implementing reforms aimed at streamlining land administration and ensuring easy, cost-effective, and efficient access to land in Nigeria.

He added that the current administration was committed to the idea of the national land commission and had taken major steps towards its realisation by drafting an executive bill for its creation before the National Assembly.

The Director-General of NIPSS, Prof. Ayo Omotayo, said NIPSS gathered together stakeholders in the building ecosystem to periscope what the land and resource system has been.

He explained that this was aimed at coming up with new ideas and making recommendations to government.

“Today we are sitting here believing that in this three-day conference, we will be able to look back, reflect, and ask hard questions concerning land.

“For us at the National Institute, what matters to us is developing Nigeria to be what the founding fathers wanted it to be.

“Our motto is towards a better society.

“We want to fulfill one of our mandates, which is to research and reflect on matters of national interest,” he said.

Omotayo said that for the current administration’s Renewed Hope Agenda to succeed fully, there was need to look at land and resource system and that was what the conference aimed to achieve.

Also speaking, the President and Founder of Johnbull Amayaevbo Foundation, Johnbull Amayaevbo, said the conference aimed to redefine land governance as a catalyst for Nigeria’s sustainable development.

Amayaevbo said that, in spite of Nigeria’s abundant land resources, land governance framework remained encumbered by outdated policies, inconsistent implementation, and administrative bottlenecks.

He said this had made Nigeria to rank 169th out of 190 countries in registering property, according to the World Bank’s Ease of Doing Business Index (2023).

Amayaevbo added that the International Finance Corporation (IFC) estimated that only three per cent of Nigeria’s urban land was formally registered.

The President said the Food and Agricultural Organisation (FAO) reported that Nigeria lost approximately 350,000 hectares of forest annually due to unsustainable land use, and called for urgent intervention in land management.

He said the conference would become an annual platform where experts, stakeholders, and policymakers would continue to engage, evaluate progress, and propose pragmatic solutions for land governance reform.

Amayaevbo said key proposals included the establishment of an Office of the Valuer-General, modernisation of land administration laws, enhancing land tenure security, and sustainable land management practices, among others.

“As we embark on the journey towards land governance reform in Nigeria, let us draw inspiration from global best practices while remaining grounded in our unique socio-cultural and economic context.

“The reforms we propose today must be bold, yet practical, visionary, yet actionable.

“They must prioritise inclusivity, ensuring that no segment of society is left behind in the pursuit of sustainable development,” he added.

By Angela Atabo

Assembly repeals Imo Waste Management Act, passes Eastern Waste Management Incorporated Bill

The Imo State House of Assembly has passed a bill repealing the Imo Waste Management Act No. 5 of 2020 and enacted a bill establishing the Eastern Waste Management Incorporated.

Imo State House of Assembly
Imo State House of Assembly

The bill, sponsored by the Majority Leader, Mr. Kanayo Onyemaechi (Owerri West), was presented and read for the second and third time during the plenary session on Wednesday, March 26, 2025.

At the second reading, Onyemaechi said the bill would address the waste management challenges in the state, when assented to, by instituting a reliable waste management system for the optimal benefit of the people of the state.

Onyemaechi said that waste management posed a problem in the state with the indiscriminate dumping of garbage on the streets without any action from the waste management agency.

He also said that the bill seeks to bring in a reputable company to partner with the waste management agency in a Public Private Partnership (PPP) arrangement to manage the situation.

Onyemaechi further said that the arrangement would not only manage the problem of improper waste disposal but also provide job opportunities, given that the partners would require hands for their equipment and waste recycling.

Onyemaechi said that the initiative would help to ensure cleanliness in the state, especially during the rainy season.

Supporting the bill, Mr. Innocent Ikpamezie (APC-Mbaitoli), commended Gov. Hope Uzodimma for his effort to make the state the cleanest in the country.

Ikpamezie said that the bill would ensure the creation of a more environmentally-friendly state, while creating more jobs for the people.

He underscored the need to take care of the environment to check the outbreak of diseases directly linked to dirt and unsanitary environments.

Also speaking in favour of the bill, Mr. Okechukwu Udeze (APC Ideato-North) described it as timely, adding that incorporating the private sector to provide a functional waste management system would help to ensure proper waste disposal.

He also said that recycling would help the state to generate revenue and boost the economy.

Another lawmaker, James Esile (APC-Onuimo), commended the governor for the plan to turn waste into wealth, adding that the initiative would bring about more development to the state.

Following the second reading, the bill was further scrutinised at the Committee of the Whole House, presided over by the Speaker, Mr. Chike Olemgbe.

It was then passed after a unanimous vote in its favour by members at the session.

The speaker, thereafter, directed the Clerk, Mrs. Chinelo Emeghara, to send a clean copy of the bill to the governor for his assent.

By Ugonne Uzoma

Lagos mangroves under threat: A crisis of urbanisation and ecological loss

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Lagos’ mangrove forests, once lush and teeming with biodiversity, are rapidly disappearing under the pressure of urban development and unregulated land reclamation. Environmental advocates warn that the continued degradation of these vital ecosystems could have catastrophic consequences for the city’s air quality, flood control systems, and public health.

Mangroves
Mangroves

Desmond Majekodunmi, Chairman of the Lekki Urban Forest and Animal Shelter Initiative (LUFASI), has sounded the alarm on the human activities degrading Lagos’ mangrove ecosystems. Speaking during this year’s International Forest Day, he decried the large-scale sand filling and dredging taking place across the city.

“A lot of damage has been caused by sand filling,” Majekodunmi explained. “Sand is dredged from lagoons and poured into mangrove areas to create land for buildings. This causes tremendous harm to biodiversity, including aquatic fauna, bird species, and vital plant life.”

There’s also the climate and health impact of mangrove loss, which Majekodunmi talked about. He highlighted the crucial role mangroves play in climate mitigation and public health.

“Mangroves are incredibly effective at sequestering carbon dioxide and filtering air pollutants,” he noted. “In a city like Lagos, where millions of people use generators and vehicles, the forest’s role in purifying the atmosphere is essential. As we lose mangroves, we lose that protection.”

He further stressed that mangroves absorb excess rainfall, making them critical to flood management in the face of intensifying climate change. “The forests are being depleted rapidly, and with more rain falling due to global warming, the risk of flooding increases.”

Beyond air quality, mangroves act as natural water purifiers. Their roots filter contaminants, protect marine ecosystems, and provide breeding grounds for various fish species. “When we remove mangrove forests, we worsen water pollution and destroy habitats for countless aquatic species,” Majekodunmi warned.

Reflecting on his own experience growing up in Lagos, Majekodunmi recalled how natural green spaces have been overtaken by urban sprawl.

“The biggest driver of forest loss is the mass movement of people into Lagos over the decades. The city’s forested areas, especially mangroves, have been replaced by real estate developments.”

He noted that the unique characteristics of mangroves often lead to their undervaluation. “They don’t look like traditional forests, but they are among the most efficient carbon sinks and serve as breeding grounds for aquatic life.”

Urbanisation and Alarming Statistics

Dr. Adewunmi Ade Adeyemi, Deputy Director of Forestry at the Lagos State Ministry of Agriculture, shared an alarming data: Lagos loses vast forest areas daily to accommodate a growing population.

“A study revealed that 6,000 people move into Lagos each day. As of 2020, only 0.02% of Lagos’ landmass remained forested, and just 1,171 hectares of that is upland,” Adeyemi said.

He explained that forested lands are being consumed not by natural disasters but by deliberate land reclamation projects.

“We’re removing trees that act as carbon and methane sinks. This increases the city’s carbon footprint.”

Dr. Adeyemi linked forest loss to alarming pollution statistics. “Lagos’ air pollution index stands at 64 micrograms per cubic meter, six times higher than the WHO’s recommended limit. Removing tree cover contributes directly to this deadly trend.”

He criticised the growing demand for personal homeownership. “If every Lagos resident demanded just one plot of land, we would need over 1.6 million hectares. This is unsustainable in a state with so little available upland.”

Weak Enforcement of Existing Laws

Despite the existence of forest protection laws in Lagos, enforcement is weak. Dr. Adeyemi cited the Forest Law Cap F6 and Soil Conservation Law Cap F7, which restrict entry and development in sensitive areas.

“Yet these laws are often ignored in favour of housing developments.”

He also mentioned that wildlife, such as monkeys, increasingly invade human settlements because their natural habitats are being destroyed. “People complain, but they are the ones encroaching on animal habitats.”

To counter these trends, Dr. Adeyemi called for stronger advocacy and legal reform. “There’s an ongoing review of forestry laws to reflect current realities, and inter-agency collaboration is crucial to enforce these regulations.”

This year’s International Forest Day theme, “Forests and Food,” emphasises the critical role forests play in food security and livelihoods. Lagos’ mangrove forests support fisheries, provide storm protection, and purify natural resources essential to daily life.

The continued destruction of Lagos’ mangrove forests is not only an ecological disaster but an economic and public health crisis. Without immediate intervention through legal reforms, enforcement, and public awareness, the city risks losing one of its most valuable natural assets.

As Desmond Majekodunmi aptly puts it, “Destroying mangroves is like cutting off our own lifeline. We must act now to preserve them for future generations.”

By Ajibola Adedoye

African NOCs boost project development with innovative financing strategies

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African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets.

Africa Energy Week
Africa Energy Week

Through various innovative strategies such as privatisation and divestment, bond issuances, development finance and resource-backed loans, NOCs are not only strengthening their financial capacity but positioning themselves at the forefront of African oil and gas development.

The African Energy Week: Invest in African Energies 2025 conference – taking place from September 29 to October 3 in Cape Town – will explore the impact these strategies will have on the continent’s hydrocarbon landscape. Uniting global financiers, development institutions, foreign operators and NOCs, the event will unlock a new wave of finance in African energy.

Privatisation and Divestment 

Privatisation and asset divestment have become crucial tools for African NOCs to streamline their operations and attract private capital. By selling stakes in non-core assets and partially-privatizing, NOCs are raising the much-needed capital to support oil and gas projects. Angola’s Sonangol, for example, has reaffirmed its plan to launch an Initial Public Offering (IPO), with 30% of the company’s shares expected to become available.

The IPO falls under the broader Propiv initiative by the government – aimed at reforming the economy toward a free market. The initiative will make 11 of Sonangol’s processes public through public tenders, limited tenders and IPOs.

Bond Issuances and Capital Market Financing

With the need for long-term project financing, governments and NOCs have turned to international capital markets, issuing bonds to raise funds for large-scale projects. Bond issues originating from Africa exceeded $14.8 billion in Q1, 2024, as African business and governments tap into the international bond market.

The Africa Finance Corporation acted as Global Coordinator for the issuance of a domestic dollar bond from the Nigerian government in 2024, raising $900 million. The first-of-a-kind issuance closed with 180% oversubscription, highlighting strong domestic investor confidence. Nigeria also issued a $1.7 billion Eurobond in December 2024, which was oversubscribed five-fold.

Joint Ventures

Joint ventures (JV) have proven effective strategies for NOCs to raise capital, leverage foreign technical expertise while sharing financial risk across oil and gas projects. The Ghana National Petroleum Corporation (GNPC) has committed to pursuing innovative JVs with Eni in 2025 and beyond to fast-track oil and gas projects.

The country’s biggest oilfields – Jubilee and TEN – were developed through a JV between GNPC, Kosmos Energy, Petro SA and Jubilee Oil Holdings. JVs have served as a vehicle for Libyan oil and gas development. Mellitah Oil & Gas – a JV between the NOC and Eni – produced 403,000 barrels per day (bpd) in 2024 while Akakus Oil Operations – a JV between the NOC and Repsol – achieved record production in 2025 with 306,000 bpd.

Development Finance and Resource-Backed Loans

Development finance and resource-backed loans have become vital financing mechanisms for NOCs, particularly as access to private capital for oil and gas projects becomes increasingly challenging. The Nigerian National Petroleum Corporation has leveraged oil-backed loans to increase its balance sheet over the years and is currently seeking a new $2-billion structure to support production growth.

The first $1 billion tranche has already been concluded with a second tranche in the works. Mozambique’s ENH leveraged development finance to fund its gas projects. Notably, the $20 billion Mozambique LNG project is expecting a $4.7 billion loan from the U.S.-Export-Import Bank to be re-approved. The project has already secured $3 billion in financing from the Japan Bank for International Cooperation.

Meanwhile, Uganda and Tanzania’s NOCs are seeking an additional $3 billion in debt financing from Chinese lenders, specifically the Export-Import Bank of China and China Export & Credit Insurance Corporation, to fund the East African Crude Oil Pipeline.

“African NOCs are deploying a diverse range of financing strategies to ensure continued investment in oil and gas projects. From privatization and asset sales to bond issuances, joint ventures and development finance, NOCs are adapting to evolving market conditions while securing the necessary capital to sustain exploration and production,” states Ore Onagbesan, Programming Director, African Energy Chamber.

Brazil to host UN conference to advance global conservation of migratory wildlife

The Federal Republic of Brazil and the Secretariat of the Convention on the Conservation of Migratory Species of Wild Animals (CMS) announced on Wednesday, March 26, 2025, that the South American country would host the Convention’s 15th Meeting of the Conference of the Parties (COP15) in Campo Grande, Mato Grosso do Sul, from Monday, March 23 to Sunday, March 29, 2026.

Marina Silva
Ms. Marina Silva, Minister of the Environment and Climate Change of Brazil

The landmark UN wildlife conservation meeting will bring together governments, scientists, conservationists, indigenous peoples and local communities, environmental leaders, and civil society from around the world to tackle the urgent conservation challenges faced by the thousands of species of wild animals that cross international borders.  
 
“Hosting COP15 of the Convention on Migratory Species in Campo Grande reinforces Brazil’s commitment to biodiversity protection through the conservation of migratory wildlife. The Pantanal, one of the richest and most vibrant biomes in the world, will be the ideal setting for this international dialogue on conservation and sustainable development.

“It is a great honour to host this conference, and we are determined to advance effective policies to ensure that future generations can enjoy the beauty and immense diversity of this fascinating part of nature. In this context of great instability in multilateralism, I reaffirm Brazil’s strong intent to build a sustainable, just, and inclusive future, and I call on everyone to make COP15 in the Pantanal a successful event,” said Ms. Marina Silva, Minister of the Environment and Climate Change of Brazil.

Brazil, a Party to CMS since 2015, is the most biodiverse country in the world. Countless species of migratory animals rely on habitats in Brazil for their survival, whether for breeding, feeding or as stopover sites on their journeys. Its natural treasures, including the Amazon rainforest, Atlantic Forest, Cerrado savanna, Pampa grasslands, and the Pantanal, support extraordinary biodiversity, including migratory animals such as the Jaguar, the Mexican Free-Tailed Bat, and the Peregrine Falcon.

Furthermore, Brazil is home to a remarkable diversity of migratory species, including sharks, rays, migratory freshwater fish, turtles, numerous families of bird species, bats, as well as small cetaceans, whales and other marine mammals.

Aware of its responsibilities as owner of such a natural heritage, Brazil has made notable strides in safeguarding its exceptional migratory biodiversity through collaboration with international conservation agreements and rigorous domestic policies. CMS Appendix I species, of which Brazil is a range state, benefit from Brazil’s extensive conservation network and proactive regional cooperation under the CMS framework.

“Migratory animals connect the planet, crossing continents, oceans, and skies in incredible journeys each year, but they are facing unprecedented pressures. CMS COP15 in Campo Grande is an opportunity to strengthen international cooperation and adopt transformative measures that will secure the future of migratory species and their vital ecosystems,” said Amy Fraenkel, CMS Executive Secretary.

From antelopes to fish, from whales to elephants, from bats to birds and even butterflies, migratory species traverse vast distances across ecosystems, playing a crucial role in maintaining biodiversity and ecological balance. Apart from their intrinsic value, these species are indicators of environmental health and are essential for the functioning of habitats.

They provide ecosystem services such as carbon sequestration, pollination, seed dispersal, pest and disease control, and nutrient cycling, which support overall ecosystem resilience and productivity. Likewise, migratory species also provide economic benefits to indigenous peoples and local communities through ecotourism and food availability, balancing their crucial contribution to the preservation of these animals and their habitats.

But, according to the State of the World’s Migratory Species report launched last year at CMS COP14, extinction risk is growing for migratory species globally due to human activity, highlighting the urgency of enhanced global conservation efforts. The report found that the two greatest threats to migratory species are overexploitation and habitat loss.

Compounding the crisis, climate change, pollution, and invasive species continue to erode vital habitats, and 399 at-risk migratory species are not yet listed under CMS, leaving them without coordinated conservation measures.

IFAD-VCDP enlightens farmers on climate-smart agriculture

The International Fund for Agricultural Development-Value Chain Development Programme (IFAD-VCDP) has trained field staff, farmers, and processors in VCDP states on downscaling seasonal predictions and adopting climate-smart agriculture.

Alvaro Lario
Alvaro Lario, IFAD President

The Nigeria Meteorological Agency (NiMet) provided the 2025 seasonal climate predictions.

The training, which held in Nasarawa State on Wednesday, March 26, 2025, covered Anambra, Benue, Ebonyi, Enugu, Kogi, Nasarawa, Niger, Ogun, and Taraba states.

Speaking at the Training of Trainers (ToT) workshop, Mr. Nura Lawal, Climate Change Specialist at IFAD-VCDP, said the training would equip farmers with climate-smart practices to mitigate the effects of weather variability.

Lawal stated that the programme would also update farmers on the latest agricultural technologies and equipment.

“The training covers soil management, crop rotation, pest and disease control, and efficient irrigation methods to help farmers adapt to climate change,” he said.

He explained that the pre-season training aimed to prepare extension agents and processors to guide farmers in adopting best practices throughout 2025.

“The training provides farmers with weather and climate advisory services, essential for effective planning,” he added.

Lawal noted that IFAD-VCDP’s collaboration with NiMet ensures farmers receive accurate climate information to support sustainable farming.

“At the end of the workshop, each state will develop a cropping calendar outlining on-farm and off-farm activities.

“With unpredictable weather patterns, many farmers face significant risks. This information will help them mitigate potential losses,” he said.

Ahmad Aboki, Principal Meteorologist at NiMet, presented the 2025 seasonal climate forecast.

He said the growing season in Karu Local Government Area is expected to last between 155 and 177 days, ending between Oct. 17 and 26.

“In Doma LGA, rainfall is expected to start on May 1, while in Nasarawa Egon, Lafia, and Keffi, it will commence between May 6 and 21,” he said.

He also highlighted dry spell predictions, noting that between April and June, Oyo State may experience a severe dry spell lasting over 15 days.

“While Ekiti, Osun, Ondo, Ogun, Edo, Ebonyi, Anambra, Imo, and Abia may see moderate dry spells of up to 15 days, between June and August, Cross River, Delta, Bayelsa, and Akwa Ibom may experience severe dry spells lasting up to 21 days.”

Aboki emphasised NiMet’s role in providing accurate weather and climate data for economic development, disaster preparedness, and early warning systems.

He reaffirmed NiMet’s ongoing partnership with IFAD-VCDP to improve crop yields and farming systems through climate adaptation.

Mustapha Baba’aji, Principal Meteorologist, noted the increasing impact of climate change in Nigeria, including extreme weather events such as floods, droughts, and heatwaves.

“Farmers are increasingly concerned about unpredictable rainy seasons, flooding, and damage to infrastructure and ecosystems,” he said.

Susan Akaaga, a rice farmer and processor from Benue State, praised the training for providing valuable insights into weather patterns and optimal planting times.

“This training has helped me understand when to plant for better yields,” she said.

By Felicia Imohimi

Japan to deploy joint operations command to help extinguish wildfires, death toll rises in South Korea

Japan will mobilise the newly established Joint Operations Command of the defence ministry to fight wildfires, Japanese Defence Minister Gen Nakatani said on Wednesday, March 26, 2025.

California wildfires
Wildfires

Wildfires broke out in the prefectures of Okayama, Ehime and Miyazaki, with evacuations ordered for more than 8,000 local residents.

In Okayama and Ehime, the fire spread across 300 hectares (740 acres) each.

On Monday, Japan’s Ground Self-Defence Forces were deployed to help extinguish fires, with 20 helicopters, mainly large transport Boeing CH-47 Chinook, involved in the operations.

“Responding to the challenges of a disaster that simultaneously spreads over a large area, it is necessary to effectively deploy the means of all self-defence forces,’’ Nakatani was quoted as saying.

He said this during a briefing by the Kyodo news agency.

An order to engage Joint Operations Command to firefighters operations was reportedly issued on Wednesday night.

On Monday, a Joint Operations Command was created in Japan’s Ministry of Defence to improve defence efficiency and flexibility and enhance cooperation with allies.

It would take charge of coordinating land, air and naval self-defence forces in both peacetime and contingency situations, as well as in repelling space and cyber threats.

In the event of a disaster, the defence minister will order the newly-established command, which will be headed by Gen. Kenichiro Nagumo, to manage the deployment of self-defence force units and operations.

The command will be required to daily monitor Japan’s defence situation, direct the dispatch of the army to deal with natural disasters, respond to ballistic missile launches.

It would also ensure security of Japanese citizens outside the country, respond to emergency situations, and coordinate interaction with the U.S. command.

In a related development, the death toll from the wildfires sweeping through south-eastern South Korea has risen to at least 22, with authorities fearing the numbers could continue to climb.

The official news agency Yonhap reported on Wednesday that at least 18 people had died in the south-east of the country since Tuesday afternoon.

Over the weekend, four first responders had lost their lives while battling the fires, with one person missing and two people sustaining serious injuries.

According to Yonhap, around 5,000 firefighters and more than 140 helicopters are currently in action to combat the fires, which have already destroyed some 17,000 hectares of forest.

Authorities have declared at least four counties in the region disaster zones.

The fires, which began on Friday in Sancheong County, about 250 kilometres south-east of Seoul, have caused significant destruction, with several historical sites destroyed.

Goun Temple in Uiseong, built in 681, was destroyed, Yonhap reported, adding that national treasures stored in the ancient temple had been relocated before its destruction.

The historic Hahoe village, which UNESCO declared a World Heritage site in 2010, was also threatened by the flames.

Authorities had ordered evacuations to protect residents.

The fires were fuelled by dry winds and a prolonged drought, according to officials.

Wildfires are not uncommon in South Korea during dry spells.

In recent years, both average temperatures and extreme weather events had increased in the country, significantly increasing the risk and severity of fires.

Experts view the increase in wildfires as a sign of the ongoing effects of climate change.

Africa’s economic growth will reach 3.8% in 2025 – ECA report

The Economic Commission for Africa’s (ECA) Economic Report on Africa (ERA) says the continent’s economic growth will recover gradually, reaching 3.8 per cent in 2025 and 4.1 per cent in 2026.

Claver Gatete
UN Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA), Mr. Claver Gatete

According to the report, the growth is driven by increased private consumption and improved trade performance.

The report warned that, in spite the rebound, growth remained below the level required to enhance living standards and achieve the Sustainable Development Goals (SDGs).

The ECA reiterated multiple downside risks threatening the continent’s growth prospects, including global economic tensions, an escalated U.S.-China trade war, regional and domestic conflicts, and the increasing frequency of climate shocks.

“While Africa’s debt-to-Gross Domestic Product (GDP) ratio is projected to decline from 67.3 per cent in 2023 to 62.1 per cent in 2025, concerns persist over high debt levels.

“Also, expensive borrowing costs continue to limit essential development spending, prompting calls for reforms in the global financial system,” it said.

On poverty, the report said the proportion of Africans living in extreme poverty (below 2.15 dollar per day) was declining.

It said the absolute number of people in poverty had risen to an estimated 468 million, worsened by recent economic crises.

The report also emphasised the urgent need for climate action, citing that, in 2022, weather, climate, and water-related hazards affected more than 110 million Africans, causing economic losses exceeding $8.5 billion.

With 76 million young Africans not in employment, education, or training, the ECA called for greater investment in skills development to harness the continent’s youthful workforce and strengthen economic resilience.

Amid concerns over global trade wars, the report said there was opportunity for Africa to enhance intra-regional trade and self-reliance through the African Continental Free Trade Area (AfCFTA).

By Lucy Ogalue

Carbon project developers applaud ICVCM’s cookstove methodology advancements

The Project Developer Forum (PD Forum), representing over 50 carbon project developers worldwide, welcomes the Integrity Council for the Voluntary Carbon Market’s (ICVCM) efforts to enhance the integrity of carbon markets and appreciates the clarity provided on cookstove methodologies.

Cookstove
Cookstove

These changes are regarded as an important step toward strengthening market confidence and ensuring the credibility of carbon credits.

The Integrity Council’s endorsement of three cookstove methodologies gives a clear market signal that high quality cookstove projects are an important part of the climate solution, submits the PD Forum, adding that some 2 billion people worldwide lack access to clean cooking, generating the same emissions annually as the aviation industry.

Quality clean cooking projects generate emission reductions that buyers can rely on, alongside a range of social and health co-benefits for communities, notes the group.

It adds: “While the PD Forum welcomes the Integrity Council’s announcement, we believe some decisions, such as those related to fNRB (fraction of non-renewable biomass) and the wood-to-charcoal conversion factor (WCCF), require further refinement and validation. For example, the fixed WCCF of 4:1, is overly conservative and does not fully reflect the reality of informal charcoal production in Africa – where values can reach 11:1.

“Meanwhile, the MoFuSS model for fNRB is still under validation by the CDM Executive Board. We encourage further research and alignment with ongoing discussions at the UNFCCC level, to ensure regional variations and the latest data are accurately represented in future standards.”

The PD Forum recognises that the evolving standards bring greater clarity and consistency to the market, helping buyers make more informed purchasing decisions.

“These improvements will enhance the credibility of carbon credits, reducing reputational risks and ensuring that investments drive genuine climate impact. Now is the time for buyers to engage – by supporting projects that are transitioning to these higher standards, they can secure future-proofed credits with strong environmental integrity. Transparent timelines, structured pathways, and clear guidance will be essential in making this transition smooth for both developers and buyers.”

Many project developers are said to be proactively transitioning to the latest methodologies, meaning a wave of high-quality, verifiable credits will soon be available to buyers. To maintain momentum, PD Forum says it is essential that regulatory transitions are handled carefully – without forcing changes on existing projects mid-cycle, as this could disrupt financial models and investor confidence.

“A stable regulatory environment will allow buyers to access credible, future-proofed credits while ensuring long-term market trust.”

The PD Forum says it remains committed to supporting market integrity and the transition to robust methodologies.

“We look forward to collaborating with the ICVCM and other stakeholders to ensure these adjustments are both practical and effective, enabling developers to continue delivering meaningful climate and social benefits,” the group concluded.

The PD Forum is a global network and collective voice of companies and practitioners dedicated to developing and financing greenhouse gas emission reduction projects.

With a diverse membership that spans all regions, it brings together in-depth technical expertise and practical experience with international carbon markets.

The ICVCM is an independent governance body for the voluntary carbon market, which aims to maximise its potential to finance climate solutions.

The Integrity Council enables a high-integrity voluntary carbon market that contributes to the goals of the Paris Agreement and the UN’s Sustainable Development Goals (SDGs), by setting and enforcing a global benchmark for high-quality carbon credits – the Core Carbon Principles (CCPs). 

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