Oando Clean Energy To Showcase Sustainable Projects At COP27

Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando Plc said it will join key renewable players across the African public and private sector to reiterate the role the continent is playing in supporting global targets and creating a more sustainable future.

The 27th United Nations Climate Change Conference (COP27) with the theme ‘Delivering for People and the Planet’  kicks off in Sharm El Sheik, Egypt will host more than 45,000 registered COP27 participants representing Parties, the United Nations (UN), regional non-governmental and intergovernmental organisations, businesses, the scientific community, local communities as well as civil society to jointly enhance and accelerate the implementation of climate action and follow up on collective commitments and pledges.

OCEL said that “Africa is no stranger to the disproportionate impact of climate change. The continent contributes only three per cent to greenhouse gas emissions but suffers disproportionately from its negative impacts.”

“As Africa’s largest economy and most populous nation, Nigeria will be actively participating in COP27 with the President Muhammadu Buhari and the Minister of Environment, Mohammed Abdullahi amongst other Nigerian stakeholders scheduled to attend.”

Today, Africa loses between $7 billion and $15 billion annually to climate change.

president of African Development Bank, Akinwumi Adesina, said “if things do not change, it will be $50 billion a year by 2030.”

Last year, Madagascar became the first country on earth to suffer a famine solely due to the impact of climate change. By 2050, climate change will lead to an additional 78 million people experiencing chronic hunger – over half of them in Africa. Therefore, Egypt hosting COP27 is significant and incredibly important for Africa and the rest of the world.

OCEL stated that,  “you would recall that at COP26 in Glasgow, President Muhammadu Buhari, pledged that Nigeria would reach net zero carbon emissions by 2060. Part of the discourse this year will be reviewing where countries are in relation to the commitments they made in 2021.”

OCEL further said it will join key renewable players across the African public and private sector to reiterate the role the continent is playing in supporting global targets and creating a more sustainable future.

Specifically, OCEL in partnership with the federal ministry of Environment, Ministry of Niger Delta Affairs, National Council on Climate Change (NCCC), Renewable Energy Association of Nigeria (REAN), and Stratus Consult Limited, will lead two dialogues at the Nigeria Pavilion.

The first dialogue themed

’Decarbonising an Oil-rich Region: A Case for the Niger Delta, Nigeria’ will hold on  November 10 and the second ‘Achieving Nigeria’s Net Zero Target: A Public-Private Partnership’ will take place on  November 11.