Vice President Yemi Osinbajo says Nigeria will continue its frontline advocacy for a ‘just transition’ to net-zero emissions. Net-zero emissions is aimed at completely negating the amount of greenhouse gases produced by human activities; it is to be achieved by reducing emissions.
The Vice-President in a statement signed on Friday by his spokesperson, Laolu Akande disclosed this in Abuja while presiding over a virtual meeting on net-zero emissions with other top Federal Government officials. Osinbajo maintained the position that the funding for gas and fossil fuel projects in Nigeria and other developing countries be sustained during the global transition to net-zero emissions. He also asserted that Nigeria will play a critical role with other gas exporting countries to stop the defunding of gas and fossil fuel projects in developing countries.
The Vice President noted that it was vital that the Forum of Gas Exporting Countries (GEC) join forces together to prevent the defunding of gas and fossil fuel projects, especially from developing countries, by international bodies and institutions. According to the VP, concrete steps should be taken by the GEC Forum to stop further plans by international bodies and Western countries on defunding of gas/fossil fuel projects as it does not benefit developing countries especially.
He noted that it was vital Nigeria plays a significant role in achieving a consensus with the GEC Forum on these issues, even as the 26th United Nations (UN) Climate Change Conference of the Parties (COP26) – which is scheduled to hold later this year – approaches.
