Nigeria seeks cooperation with Egypt on energy development

Nigeria is starting a conversation with Egypt in an effort to increase collaboration, particularly in the energy industry.
The dialogue with the Egyptian authorities is already at an advanced stage, according to the environment minister Muhammad Abdullah, who made this announcement on Tuesday. Meetings have been set for the near future to advance collaboration.
Abdullah added that his nation will collaborate with Egypt in this area and take part in the establishment of the African carbon market, particularly given that it sees attractive opportunities in this market.
Aside from the UN Conference of Parties on Climate Change (COP27), which was place in Sharm El-Sheikh till November 18, this information was revealed in an interview.
The minister noted that his nation benefits much from resources related to gas and oil and that the climate action agenda for Africa contains three key axes: damage and losses, climate adaptation, and the equitable transition of energy.
In addition, he stated that Nigeria intended to switch to clean energy by 2035, especially in view of the continent’s drive for economic development, particularly in the industrial sectors.
Abdullah also emphasized the urgent need for financial support for African nations just to live and the difficulty in putting major nations’ commitments to fund climate action in Africa into practice.
He pointed out that this is why the climate conference in Egypt is referred to as a “implementation conference.”
He also applauded Egypt’s organization and management of the climate conference, as well as its hosting of the event on behalf of Africa.
Abdullah said that the nations with the greatest emissions should take swift and decisive action notwithstanding the current divide on the international stage.
He emphasized the necessity of putting an end to the exchange of blame, noting that his nation will support the right of nations affected by climate change to receive funding during the climate negotiations.
Additionally, he emphasized that support for sustainable waste management, the provision of clean, renewable energy, and loss and damage funding will encourage developed countries to uphold their financial commitments to addressing the climate catastrophe.
He cited the Intergovernmental Panel on Climate Change report as evidence that by the year 2050, many mega coastal cities, including Lagos, Port Harcourt, and other low-lying coastal cities in Nigeria, would experience yearly climate disasters that would affect millions of people’s homes and property.

Source: Oriental News Nigeria

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