Daily Post Nigeria COP28: Tinubu canvasses investment in alternative energy for smooth transition Home News Politics Metro Entertainment Sport News COP28: Tinubu canvasses investment in alternative energy for smooth transition Published on December 2, 2023 By Williams Anuku President Bola Tinubu has said Nigeria and Africa urgently require investments in alternative energy to be able to fully and effectively transition. He said Africa contributes the least to global carbon emissions but bears a disproportionate share of economic burden for transitioning to cleaner energy. Tinubu spoke during a discussion panel on African Green Industrialization hosted by the COP28 Presidency and the President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan, in Dubai, United Arab Emirates, on Saturday. He said, “Global manufacturers must partner with us to invest in the health of our collective environment. Africa doubles as an unrivaled opportunity in this respect. We are removing all obstacles that are inhibiting progress as Africa’s largest economy. The investment environment is becoming cleaner and better. “But how will Africa not be a victim of all these changes? How do we get value for our resources. We all agree that the earth is crying for healing, but how do you tell a grandmother to stop using firewood to prepare her food? It is for me to invest in solar energy, alternative energy. “Here, you must encourage investment, and equally consider: how would this investment affect us? Yes, we have the market and sufficient housing that you can electrify with solar panels. There is iron ore; there is investment there, too ” Risk management is very key for Africa. The opportunities must be translated soonest. We are moving forward with urgency, and we will maximize the value given in return for those resources.” Related Topics: COP28 Tinubu Don’t Miss Ondo community kicks over appointment of caretaker committee for LCDA You may like COP28: Tinubu unveils plan to deploy fleet of 100 electric buses Tinubu restates commitment to end terrorism, banditry Umahi seeks South East support for Tinubu ‘Your intervention in Ondo unconstitutional’ – Ajulo cautions Tinubu COP28: Tinubu pledges Nigeria’s commitment to methane emission reduction Ndume defends rendition of Tinubu’s campaign song at NASS Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *