In a world where shareholders, board rooms and organizations are driven by figures of profitability, investment decisions are mainly determined by their ability to return profits to the investors in a short term. This is the essence of capitalism where…
A recent report released by International Energy Agency shows that Africa gets insignificant funding for its clean energy transition. Specifically, the African Development Bank reports that Africa gets less than 2% of global investment in clean energy, highlighting the dire…
Interestingly, the long-standing agreement between Saudi Arabia and the US about using the US dollar as the currency for transaction in the oil market is coming to an end. Saudi Arabia as reportedly refused to renew the agreement, indicating a…
Achieving net-zero by 2050 requires massive adoption of energy transition technologies such as renewables, electrification, decentralization and grid modernization, energy efficiency and conservation mechanisms amongst others. In fact, these technologies are required to attain significant deployment levels, if net-zero by…
The administration of President Bola Ahmed Tinubu has reiterated that natural gas remains a critical energy resource to drive the country’s energy transition. This commitment is in line with the government’s Decade of Gas Initiative which identifies natural gas as…
Nigeria’s energy mix has been evolving in recent times with gradual incorporation of renewables in the country’s energy ecosystem. This evolution is particularly taking place in the value chain of energy production, which has hitherto been dominated by fossil fuel…
Energy transition is a hot topic that is at the frontline of climate change mitigation. Focused on ensuring a dynamic from fossil fuel-based energy systems to clean energy systems, implementation of energy transition directly interacts with the elements of nation’s…
In line with Nigeria’s commitment to the Paris Agreement to limit temperature rise to 1.5oC by 2050, the country developed its Energy Transition Plan following deliberations at COP26 and on the premise of the Climate Change Act 2021. Launched on…
Carbon Capture and Storage (CCS) is an indispensable clean energy technology that is vital to mitigating against CO2 emissions from industrial source points. The importance of the technology is outlined by Intergovernmental Panel on Climate Change (IPCC) and International Energy…
Namibia has proven to the world that Africa can become a force to reckon with as it produces its first green hydrogen, a clean energy resource produced through splitting of water into oxygen and hydrogen using renewable energy. Its commitment…