OCEL – Africa loses about $7 billion to $15 billion annually to climate change.
Oando Clean Energy Limited (OCEL), a renewable energy business subsidiary of Oando Energy Resources, has pointed out that African nations contribute only 3 percent to greenhouse gas emissions. OCEL affirms that the continent has also been affected disproportionately by the adverse impact of greenhouse gas emissions, losing between $7 billion and $15 billion annually to climate change. In addition, it stated that by 2050, climate change crises would ravage additional 78 million people, half of the people on the continent with chronic hunger.
A report revealed that the company had ratified its commitment to conjoin with other parties in the global community with the commencement of the 27th United Nations Climate Change Conference (COP27) themed ‘Delivering for People and the Planet’ scheduled to be held in Sharm El Sheik, Egypt, in an attempt to address climate change and other issues. The event will host more than 45,000 registered COP27 participants representing Parties, the United Nations (UN), and regional.
Africa’s loss is projected to boost to 50 billion dollars by 2030.
It also encompasses other parties such as the non-governmental and intergovernmental organizations, businesses, scientific community, local communities, as well as civil society to collectively enhance and expedite the implementation of climate action and follow up on collective commitments and pledges. Tagged Africa’s COP, the event reiterates that Africa is no stranger to the disproportionate impact of climate change as the continent continues to suffer from its consequences induced by the low contribution of the continent on green gas emissions.
Presently, Africa loses between $7 billion and $15 billion annually to climate change. Also, Akinwumi Adesina, President of the African Development Bank, said the continent’s loss will boost up to 50 billion dollars by 2030 if there is no change to the circumstance. Reports show that last year, Madagascar became the first country on earth to suffer a famine attributed mainly to the impact of climate change. The increasing climate change adverse in Africa portrays the event being hosted by Egypt as a significant and incredibly essential event for Africa and the rest of the world.
OCEL joins other major players to show Africa’s sustainability initiatives.
Nigeria, as Africa’s largest economy and most populous nation, will be actively participating at the COP27 with the Minister of Environment, Mohammed H. Abdullahi, amongst other Nigerian stakeholders scheduled to be present at the event. In the private sector, Oando Clean Energy Limited (OCEL), the renewable energy subsidiary of Oando PLC, will also be present at the event. 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.
It is said that OCEL will join key renewable players across the African public and private sectors to reiterate the continent’s role in supporting global targets and creating a more sustainable future. In collaboration 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, OCEL will spearhead two dialogues at the Nigeria Pavilion. With the first dialogue themed’ Decarbonizing an Oil-rich Region: A Case for the Niger Delta, Nigeria’ was held on Thursday.
The events were intended to show the company’s contributions.
Also, the second dialogue themed ‘Achieving Nigeria’s Net Zero Target: A Public-Private Partnership’ was held on Friday. These events were intended to reveal the company’s contribution to ensuring renewable energy in Nigeria and the importance of Public Private Partnerships in enabling the nation to actualize its industrialization goals whilst supporting the achievement of global climate change ambitions. Notably, the COP27 event to be held in Egypt should be one to embark on and implement action on ambition, as declared earlier at the COP26 held in Glasgow.
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Climate change is really worrisome and all african government needs to put all hands on deck for Africa to find solutions to climate change in order to stop its effects on its citizenry.
The gas emission problem is very common in Africa countries of which is very bad and terrible to the environment but the government is not really doing much to reduce it or eradicate it.
It is quite unfortunate we are the least that emit green gas to the climate and still we face most of the consequences. I implore the United Nations to come to our rescue and set out innovations that will help us tackle this climate change issues.
Climate change has cost African a lot. The governments of the continents needs to inject concerted effort to curb the menace.
Oando Energy Resources’ renewable energy business subsidiary has brought to light the fact that African countries are responsible for a percentage of the world’s greenhouse gas emissions.
It is tragic that crises caused by climate change would ravage a lot of people, which is half of the population of the continent that suffers from chronic hunger.
The tragedy serves as a reminder that Africa has already experienced the disproportionate effects of climate change and will continue to do so even though it is responsible for a very small percentage of global greenhouse gas emissions.
The ever-worsening effects of climate change in Africa paint the event that is being hosted by Egypt as one that is not only significant but also extremely important for both Africa and the rest of the world.
This climate change affect African country most which have suffer the citizen our government need to come together and find way to solve this climate change that is affecting us
Unless something changes, that is. News accounts indicate that last year, Madagascar was the first nation on Earth to experience a famine due primarily to the effects of global warming.
The purpose of these gatherings was to highlight the firm’s efforts to promote renewable energy in Nigeria and the value of PPPs in helping the country achieve its industrialization objectives.
According to Oando Clean Energy Limited (OCEL), a renewable energy business that is a subsidiary of Oando Energy Resources, African nations are only responsible for 3% of the world’s greenhouse gas emissions.
OCEL will join other renewable players in the African public and private sectors to emphasize Africa’s contribution to global targets and a more sustainable future.
The effects of climate change are having a negative impact on the people of Africa, and the governments of that continent need to do everything in their power to find solutions to this problem so that they can protect their populations.
The effects of climate change have been very detrimental to Africa. It is imperative that the governments of the continents come together in an organized effort to combat the threat.
This Climate change in Africa is really affecting. Government in Africa needs to find solutions to climate change in order to stop it damage
The purpose of these gatherings was to highlight the firm’s efforts to promote renewable energy in Nigeria and the value of PPPs in helping the country achieve its industrialization object.
That Africa only emit just 3% of the greenhouse gas that had been so devastating to Nigeria especially is so surprising. Which majority of these greenhouse gas comes from other continent and probably developed countries. It will be helpful for all governmental and nongovernmental to be involve in bringing lasting solution to this.
Recently, it is now evidence in so many parts of the world especially Africa Nigeria the climatic change that is occurring due to greenhouse gas emissions effect. It is so surprising that Africa only emit just 3% of the world emission. Please, anybody or organization that need to be available to address the climatic condition do so.
Climate change costs Africa between $7 billion and $15 billion every year. The event being held by Egypt is seen as a huge and tremendously important event for Africa and the rest of the world due to the increasing harmful effects of climate change in Africa.
According to reports, OCEL will team up with important renewable players from the public and corporate sectors of Africa to reaffirm the continent’s contribution to achieving global goals and building a more sustainable future.