Nigeria to spend $ 12 bn on gas utilisation projects

Nov 25, 2009 01:00 AM

As part of the national mitigation efforts to contain the impact of climate change, the Federal Government through the Nigerian National Petroleum Corporation (NNPC) said it has embarked on gas utilisation projects that would gulp a total of $ 12.1 bn between now and 2013 with the aim of achieving alternative energy development and a low carbon economy.
The Group General Manager of the Renewable Energy Division of the corporation, Mrs Dupe Akindele, who represented the Group Managing Director of NNPC made the disclosure at the Senate Roundtable on Climate Change in Abuja, organised by Senate Committee on Environment and Ecology in conjunction with the International Centre for Energy and Environment Development (ICEED) to help package Nigeria's final position at the COP 15 of the United Nations conference on Climate Change.

She said so far the corporation has spent $ 4.1 bn between 2008 and 2009 and has registered two projects under the Clean Development Mechanism (CDM) programme. She said gas flare reduction projects have been embarked upon by NNPC together with JV partners mainly in the areas of gas to power gas gathering and utilisation as part of the implementation of Federal Government's domestic policy to encourage gas utilisation in the country.
"NNPC and its Joint Venture partners are working on plans to make Nigeria a formidable force to reckon with in the Carbon Trade market by 2010. The company along with its partnering oil firms have so far registered two projects under the Clean Development Mechanism (CDM) programme and is currently working on seven other projects aimed at utilising Nigeria's gas resources to improve energy supply", she said.

According to Akindele, $ 4.1 bn has been spent by the corporation between 2008 and 2009 in driving the process, adding that a projection of $ 12.1bn budget has been planned up till 2013 which would result in about 75 % reduction in gas flaring in the country.
The Minister of Environment, Mr John Odey had traced the process leading to the global network on mitigation and adaptation of Climate Change to the UN Climate Convention conference in 1992 in Rio de Janeiro which resulted in an agreement in 1997 by the industrialized nations to take legally binding targets on Green House Gas (GHG) emissions by 2012 under the Kyoto Protocol.

Odey regretted that the Protocol that set a binding emission target for 37 industrialized nations has virtually failed to address the purpose for which it was signed.
"Since the signing of the Protocol by over 184 countries, the green house gas emission situation has taken a turn for the worse as the industrialized nations have not been able to tame their emission levels in the commitment period which will expire in 2012", he said.

The Minister said as part of preparation for Nigeria's negotiation position towards Copenhagen, the ministry has put together through consultation meetings with various stakeholders, the National Climate Change Roundtable Conference and Inter-ministerial Committee meetingsa robust national position aimed at securing the country's larger interest at the conference.
He also said Nigeria has successfully fused her position into the Common African Position following the resolutions at the African Union Summit to have African nations build a common front at the global conference.

"Nigeria's position has taken special recognition of the fact that being an oil producing nation; our country will seek to benefit from the funds that could be deployed for adaptation and mitigation measures as well as for the development of alternative sources of energy and low-carbon economy under the Clean Development Mechanism", he said.
Odey explained that Africa and other developing countries were exempted from any legally binding target mechanism while they are to press for climate justice under the principle of common but differentiated responsibilities and capabilities. He said our clamour for climate justice will include but not limited to demand for compensation from the polluters fordamages caused by global warming.

The Chairman of the Senate Committee of Environment and Ecology, Senator Grace Folashade Bent while appraising efforts so far made in addressing the challenges posed by climate change, appealed to federal government to allow issues of environment a priority place in its development agenda.

Source / This Day
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« October 2020 »
October
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Register to announce Your Event

View All Events