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COP 27: Nigeria seeks to partner Egypt on energy development

by Matthew Eloyi November 18, 2022
written by Matthew Eloyi November 18, 2022
471

Nigeria’s Minister of Environment, Muhammad Abdullah has disclosed that the country is in talks with Egypt to increase collaboration, particularly in the energy industry.

According to the minister, dialogue with the Egyptian authorities is already at an advanced stage and meetings have been scheduled to hold in the coming period to advance collaboration.

Abdullah, who made the revelation in an interview on the sidelines of the UN Conference of Parties on Climate Change (COP27) in Sharm El-Sheikh, added that Nigeria will work with Egypt to help launch the African carbon market since it sees many prospects in this market.

Read also: Climate summit to continue till Saturday

The minister noted that Nigeria benefits much from resources related to gas and oil and that the climate action agenda for Africa contains three key axes: damage and losses, climate adaptation, and the equitable transition of energy.

In addition, he stated that Nigeria intended to switch to clean energy by 2035, especially in view of the continent’s drive for economic development, particularly in the industrial sectors.

Abdullah also emphasized the urgent need for financial support for African nations just to live and the difficulty in putting major nations’ commitments to fund climate action in Africa into practice.

He pointed out that this is why the climate conference in Egypt is referred to as an “implementation conference.”

He commended Egypt for hosting the conference on behalf of Africa.

Story was adapted from Leadership.

EgyptEnergy developmentNigeriaPartnership
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