• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

The 3 pathways that can boost climate-positive growth in Africa – Osinbajo

William Ukpe by William Ukpe
April 26, 2023
in Business News
The 3 pathways that can boost climate-positive growth in Africa - Osinbajo
Share on FacebookShare on TwitterShare on Linkedin

Key highlights

  • Over 1.3 billion people in Africa are serviced by an installed capacity of 244 gigawatts which is less than the 248 gigawatts available for Germany’s population of 83 million.
  • Africa can actually pursue a green course of growth without worrying about costly legacy infrastructure.
  • Africa can become a hugely competitive green manufacturing and energy hub for the world.

Vice President, Yemi Osinbajo, has revealed that Africa can leverage 3 major pathways including low emissions consumption, and production as well as a competitive green manufacturing and energy hub for the world, in order to achieve climate-positive growth.

The Vice President made this known via a statement, after his special lecture at the Center for African Studies, at the University of Pennsylvania.

Adaptation and Challenges

The Vice President noted that African nations are faced with climate justice with narrow options, he said:

RelatedStories

All DisCos exceeded their ATC&C loss targets in Q3 2022 and Q4 2022 - report

Osinbajo commissions Afam 3 fast power 240 MW turbine in Rivers state

May 9, 2023
Side by Side Comparison; What is the best office building on Alfred Rewane road, Ikoyi

What’s the best office building on Alfred Rewane Road, Ikoyi?

April 21, 2023
  • “ For African countries, the remedy that climate justice offers appears to be rather narrow: adaptation, or more recently, loss and damage compensation, but for African countries, a challenge that is as important as containing climate change itself is energy poverty, which essentially means lack of access to energy for electricity, cooking, heating, cooling, etc, and how this inhibits any real growth or job opportunities.

He added that Over 1.3 billion people in Africa are serviced by an installed capacity of 244 gigawatts which is less than the 248 gigawatts available for Germany’s population of 83 million.

“Sub-Saharan Africa remains the only region in which the number of people without access to clean cooking fuels and technologies is rising. 19 of the 20 countries with the lowest clean cooking access rates are in Africa.”

Pathways

He further disclosed that there are 3 major pathways towards climate-positive growth in Africa if measures including Africa’s endowments, renewable energy, natural resources, and a young workforce are examined, added:

These pathways include the following:

  1. Low emissions consumption and production, the point being that Africa can, instead of going the carbon-intensive path to providing energy, goods, and services for its own needs, takes full advantage of green technologies and practices. There is the distinct advantage that Africa can actually pursue a green course of growth without worrying about costly legacy infrastructure.“This would, of course, mean a wide range of changes in eating, living, (city designs), and transportation (electric cars) and different habits must occur.  An example of an actual project is in Kenya with the use of low-cost bio-ethanol fueled cookstoves.”
  2. The second pathway is that having recognized the fact that global zero carbon ambitions cannot be realized without intentional carbon removal technologies and practices, Africa can ramp up her own potential to do this at scale through a combination of planned land use and ecosystem management, and investment in emerging engineered removal technologies. Already Africa’s large carbon sinks, currently store years of global emissions, and the abundant supply of unused agricultural waste is available as biomass for clean energy production and soil improvement.
  3. The third pathway is that, with its abundant reserves of renewable energy and raw materials, Africa can become a hugely competitive green manufacturing and energy hub for the world that could also accelerate the greening of global industry. For example, by on-shore processing of 110 million tons of bauxite to aluminum, currently exported as raw bauxite from Africa to Europe and Asia, using renewable energy, between 1.3 to 1.5 gigatons of CO2e emissions can be avoided annually. Same as processing lithium within the mining locality.

He added that some efforts are being made in Kaduna, Nigeria, where a lithium processing factory is being built.

  • “And as green hydrogen costs fall, African manufacturing locations may become more competitive in a range of related value chains, for example, for ammonia, fertilizer, and eFuels. 
  • “Energy poverty can only be resolved if there is a significant investment in renewable energy. That can only happen if we create the energy-intense anchor demand that makes the investment in additional renewable energy bankable” he added.

 


Follow us for Breaking News and Market Intelligence.
Tags: Prof. Yemi Osinbajo
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

All DisCos exceeded their ATC&C loss targets in Q3 2022 and Q4 2022 - report
Breaking News

Osinbajo commissions Afam 3 fast power 240 MW turbine in Rivers state

May 9, 2023
Side by Side Comparison; What is the best office building on Alfred Rewane road, Ikoyi
Real Estate and Construction

What’s the best office building on Alfred Rewane Road, Ikoyi?

April 21, 2023
Vice President Osinbajo says cashless policy will help track election financing 
Energy

Africa must leverage renewable energy, skills and green manufacturing to tackle climate change – Yemi Osinbajo

March 30, 2023
Osinbajo says $50 billion diesel spent in sub-Saharan Africa produces more energy than grid of 17 countries in the region
Energy

Osinbajo says $50 billion diesel spent in sub-Saharan Africa produces more energy than grid of 17 countries in the region

March 27, 2023
NASENI breaks ground for $325 million solar cell factory in Nasarawa state
Energy

NASENI breaks ground for $325 million solar cell factory in Nasarawa State

March 25, 2023
Crude oil theft: We must move past discussions to action - Prof Osinbajo  
Energy

Crude Oil Theft: We must move past discussions to action – Prof. Osinbajo  

February 22, 2023
Next Post
Mo Ibrahim academy to host fellows at Chatham house, London

Mo Ibrahim academy to host fellows at Chatham house, London

Leave a Reply Cancel reply

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

otd
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • FG removes 5% telecom tax on voice, data services 
  • NPA introduces electronic barrier systems to stop truck diversions in Lagos ports 
  • NABTEB releases 2025 exam results, records major improvements in Mathematics performance 

Follow us on social media:

Recent News

NCC

FG removes 5% telecom tax on voice, data services 

September 11, 2025
NPA

NPA introduces electronic barrier systems to stop truck diversions in Lagos ports 

September 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics