RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Vice President Yemi Osinbajo proposes three pathways for achieving climate-positive growth in Africa.

Rate Captain by Rate Captain
April 26, 2023
in Economy
Reading Time: 2 mins read
A A
0
Vice President Yemi Osinbajo proposes three pathways for achieving climate-positive growth in Africa.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

In a recent public lecture at the University of Pennsylvania in Philadelphia, Vice President Yemi Osinbajo proposed that tackling energy poverty in Africa could be the key to achieving middle-income status and societal prosperity for African countries. He argued that Africa’s endowments, renewable energy, natural resources, and a young workforce present a compelling set of circumstances for several pathways to climate-positive growth. Osinbajo outlined three specific pathways that would lead to climate-positive economic growth in Africa while realizing global net-zero emissions targets.

The first pathway is the promotion of low emissions consumption and production. Instead of relying on carbon-intensive energy sources, Africa could leverage green technologies and practices. The second pathway involves investing in carbon removal technologies and practices, such as planned land use, ecosystem management, and emerging engineered removal technologies. Africa’s large carbon sinks and unused agricultural waste offer an abundance of opportunities for clean energy production and soil improvement. The third pathway involves Africa becoming a competitive green manufacturing and energy hub for the world. By doing so, the continent could accelerate the greening of global industry.

AlsoRead

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

FG Raises N748.64 Billion from FGN Bonds as Borrowing Rates Ease

According to Osinbajo, achieving these pathways’ goals requires developed countries to change their perception of Africa from a victim to a solution in the climate change conversation. Beyond climate justice, a real opportunity for Africa and the world lies in climate-positive growth, where Africa pursues a carbon-negative path to middle-income status and beyond.

To achieve this, there must be a significant investment in renewable energy, and both renewable energy generation capacity and industrial deployment must develop concurrently. Osinbajo noted that gas could serve as a transition fuel to balance large influxes of solar power on the grid, mitigate against job losses, and bridge the gap before the full use of renewables is commercially practical.

In conclusion, Osinbajo called for the world’s regions, especially those that are off track to achieve net zero by 2050, to fill the gap and support Africa in realizing these pathways’ goals. Achieving these goals would require partnerships and participation from Nigeria and other African countries. The lecture series is part of the University of Pennsylvania’s efforts to build strong relationships with Africa and promote global progress in the battle against climate change.

Previous Post

World Bank Report Reveals Nigeria’s logistics performance drops massively.

Next Post

Nestle Plc raises prices for all its food products.

Related News

Naira depreciates to N755/$ in the parallel market.

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

by Stephen Akudike
September 22, 2026
0

Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94 billion in 2025 from $7.43 billion in 2024, according...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

by Akpan Edidong
September 22, 2026
0

Dangote Petroleum Refinery has reduced the ex-gantry price of Premium Motor Spirit by N25 a litre to N1,325. The cut...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG Raises N748.64 Billion from FGN Bonds as Borrowing Rates Ease

by Victoria Attah
September 17, 2026
0

The Federal Government raised N748.64 billion from its September 2026 domestic bond auction, with investors showing strong demand for both...

NEC Affirms CBN $3 Billion Loan for Naira Stability

Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September

by Victoria Attah
September 17, 2026
0

Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of 14 September 2026, reinforcing the...

Next Post
Nestle Plc raises prices for all its food products.

Nestle Plc raises prices for all its food products.

Leave a Reply Cancel reply

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

Recommended

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

September 22, 2026
Naira depreciates to N755/$ in the parallel market.

Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

September 22, 2026

Popular Story

  • Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

    Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market

    0 shares
    Share 0 Tweet 0
  • Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash

    0 shares
    Share 0 Tweet 0
  • Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase

    0 shares
    Share 0 Tweet 0
  • Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>