Osinbajo: FG will keep its climate change commitments

Osinbajo: FG will keep its climate change commitments

Vice President Yemi Osinbajo has stated that the Federal Government will keep its climate change commitments and also focus on doing it in a way that works best for the needs of the Nigerian people.

Osinbajo’s spokesman, Laolu Akande, said in a statement on Friday, November 12, in Abuja; that the vice president made the pledge when he received a delegation from the World Bank at the Presidential Villa.

The delegation was led by its Managing Director of Development Policy and Partnerships, Dr Mari Pangestu; as well as its Country Director for Nigeria, Shubham Chaudhuri.

Also on Friday, the vice president interacted with officials of the International Monetary Fund on the IMF Article IV bilateral consultations.

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Osinbajo has been advocating for a just transition to global net-zero emissions.

He had particularly called on multilateral agencies, and Western countries; to stop the planned defunding of fossil fuels/gas projects in developing countries; as part of the energy transition plan towards the global net-zero target by 2050.

At both meetings with the World Bank managing director and IMF officials, Osinbajo said Nigeria remained committed to helping in reducing global greenhouse emissions, even as the needs of Nigeria and other developing countries should also be taken into account.

“I think it is very important, at least this is what we are trying to do; to keep our sights on what would work for the majority of our people.

“The truth, of course, is that we have fossil fuel resources, we have all of that; but we have energy issues, distribution, and quality of access to energy, as well as clean energy.

“So, those are the issues; access to energy and education, then renewable energy; and how to be able to move quickly enough in terms of putting renewable energy in place,” he said.

The vice president also highlighted funding challenges for developing countries in its response to climate change and preparation for adaptation, alongside other implications of the Paris Agreement.

 

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