Oil, gas investments won’t inflate Africa’s contribution to global emissions – FG
The Federal Government has allayed fears that its ongoing drive to attract investments in the oil and gas sector will result in a significant rise in Africa’s contribution to global emissions. It emphasised that such investments will not dramatically impact the continent’s carbon footprint. It also reaffirmed its commitment to creating an enabling environment for hydrocarbon investments to address energy poverty, emphasising that Africa is not a net contributor to global emissions. The Special Adviser to President Bola Ahmed Tinubu on Energy, Olu Verheijen, gave the assurance on Tuesday during a session at CERAWeek by S&P Global, themed “Policy and People: Pathways to a Just Transition.” A statement issued on Wednesday noted that the session, chaired by Vera Blei, Head of Market Report & Trading Solutions at S&P Global, featured key speakers including Scott Tinker, CEO of Tinker Energy Association, and Sunita Narain, Director-General of the Centre for Science and Environment. Speaking during the panel session, Verheijen highlighted that Africa and other low-income countries contribute only about 3–4 per cent of global greenhouse gas emissions, in contrast to China and the United States, which account for approximately 30 per cent and 13 per cent of global CO₂ emissions, respectively. Together, both countries are responsible for nearly 40 per cent of global emissions.
