Osinbajo,Ogunbiyi: Clean Energy Investment Offers Great Opportunities - THISDAYLIVE

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Osinbajo,Ogunbiyi: Clean Energy Investment Offers Great Opportunities

As countries continue to rebuild following COVID-19 pandemic, Sustainable Energy for All with headquarters in Vienna, Austria, last Tuesday released a new guide on how clean energy investment can support African countries to recover better, reset their economies and close energy access gaps, writes Sunday Ehigiator

This is particularly key for Africa after COVID-19 has highlighted the deep regional divide on energy access. Africa is a region full of promise and a growing economic powerhouse, yet this progress will be stifled without access to sufficient, reliable and affordable energy. This re-set can also spark progress at the speed and scale needed to meet SDG7 and help put the global economy on a trajectory in line with the Paris Agreement and Sustainable Development Goals.

Speaking on the launch of the guide, Vice President Yemi Osinbajo said: “COVID-19 has presented a unique opportunity to accelerate transition to that clean, affordable, reliable and renewable energy source offered by the sun. Nigeria is committed to the full utilization of this abundant solar energy source.

Riccardo Puliti, World Bank Global Director for Energy and Extractive Industries and Regional Director for Infrastructure in Africa, said: “Access to energy is crucial for Africa to recover from the ongoing health, economic and social challenges caused by the pandemic. We welcome this new guide from Sustainable Energy for All that outlines ways in which African countries can seize this unique moment, and in return, unleash economic growth with clean, sustainable energy.

 

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