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COP 27: Natural gas necessary for Africa to supplement renewable energy sources – AfDB

16Mar

By Emeka OkaforNo Comments

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COP 27: Natural gas necessary for Africa to supplement renewable energy sources – AfDB

Dr. Akinwunmi Adesina, the leader of the African Development Bank (AfDB) Group, expressed that natural gas is essential for Africa to enhance its renewable energy capabilities. He made these remarks during an interview held outside the ongoing COP 27 summit in Egypt. Dr. Adesina asserts that ensuring sufficient energy necessitates the utilization of natural gas: “Africa requires natural gas to augment its renewable energy. Even if Africa were to increase its natural gas output threefold from current figures, its share in global emissions would only increase by 0.67%. “Natural gas is crucial to stabilizing the electricity supply due to the fluctuating nature of renewables. We must acknowledge the unique position of Africa. The continent experiences the highest rates of energy deprivatio...

COP 27: EU announces €1 billion for climate adaptation in Africa

To assist Africa in adjusting to the evolving climate, the European Union has declared a €1 billion grant for the continent. As stated by Frans Timmermans, the executive vice president of the European Commission, this is accurate. During his address on November 16 at COP 27, he emphasized that COP 27 was an African COP and focused on adaptation. Timmermans remarked: “Africa has made the smallest contributions to the situation we find ourselves in today. Nevertheless, numerous countries on this continent are among the most susceptible to climate change, experiencing greater distress than many other regions. Hence, we need to enhance our efforts regarding adaptation in Africa. “That is why I am pleased to announce at this gathering that together, the European Union and four me...

Failure to reach agreement causes delays at COP 27

The magnitude of “loss and damage” inflicted by the catastrophic consequences of climate change worldwide is unmistakable, as stated by United Nations Secretary-General Antonio Guterres, and “all parties must demonstrate that they acknowledge it.” COP 27 President Sameh Shoukry and UN Secretary-General Antonio Guterres affirmed this during a collective address on November 17th. Their addresses highlighted the setbacks faced by COP 27 participants due to the inability of both developed and developing nations to come to a consensus regarding loss and damage as well as adaptation. Shoukry remarked: “Adaptation continues to be impeded by procedural issues; ambitious results on financing have yet to emerge, and regarding loss and damage, parties are hesitating to make the tough political cho...