Vice President, Prof. Yemi Osinbajo, has again argued for investment in transition fuels, especially in developing countries, saying that bans or restricted public investment in fossil fuels, including natural gas, are unacceptable.
Speaking on the theme “Energising Tomorrow” at the Dubai World Trade Centre, Osinbajo acknowledged that all countries have a part to play in the fight against climate change, but emphasised that “a global transition away from carbon- based fuels must account for the economic differences between countries and allow for multiple pathways to net-zero emissions.
Noting that there are still close to 600 million Africans without access to electricity, Osinbajo observed that, “for developing countries, unlike the rest of the world, the transition to net zero emissions posed two… existential problems.” “This model shows that there is an opportunity to transition at least five million households to LPG solutions, which will cut emissions by 30% compared to business as usual, reduce other pollutants by 90% or more and avoid 6.9 billion kilogrammes of forest loss from biomass collection.”