Showing posts with label Climate Change. Show all posts
Showing posts with label Climate Change. Show all posts

Friday, March 23, 2012

An Enviropreneur’s Encounter with President Barack Obama on The Future We Want- A Renewable Dream!


In the beginning….
In preparation to the upcoming United Nations conference on sustainable development tagged RIO+20, I had gone to honour an invitation to deliver a lead paper at an international seminar jointly organized by the World Council for Renewable Energy [WCRE] and EUROSOLAR in the central business district of the city of Bonn, where both organizations are headquartered. The WCRE, founded in 2001 as an independent, non-government, non-profit organization determined to push the global paradigm shift in favour of a resource sustainable, just, equal, diverse and fully renewable energy based world, free of poverty and injustice; has grown to be the leading voice of reason in our chaotic climate change-threatened world that has been trapped in the poisonous web of nuclear and fossil fuel addiction.

The lead paper was thematic on how to use African Youths to rescue Africa and her economy from the stranglehold of fossil fuel addiction and move the continent irreversibly on the path of sustainable development. I lamented the under-utilization of the energy, knowledge, resourcefulness and innovative instincts of the Youths which would be the essential ingredients towards cooking The Future We Want to see as we transit towards a low carbon, resource constrained post petroleum economy that meets our social, economic and environmental needs. I had also emphasized that African youths cannot afford to adopt a “wait-and-see” approach towards meeting climate change challenges for development because the economy is highly dependent of healthy youths living in vibrant communities and environment.

More importantly, If African Youths were the future of Africa, then they must be primed to understand the interdependency between the Economic, Social and Environmental realms in order to guide and help our governments avoid making poor decisions which could even compromise the ability of the present and future generations to meet their basic needs. African youths must seize emerging opportunities to assert our energetic influence in the shaping of the type of sustainable development that guarantees a complete circumvention of the “Tragedy of the Commons” once and for all while making ourselves veritable fuel to drive The Future We Want!!

I had also enumerated how renewable energy, energy efficiency, environmental responsibility and sustainability could turn out to be Africa’s “holy grail” if we applied them creatively to our embarrassingly intractable electricity crisis, because more than any other continent, Africa needs the energy revolution and independence which renewable energy offers -when properly deployed, to improve quality of life on national and continental scales as long as stronger consensus building is promoted by all stakeholders who wish to invest in commercial renewable power generations capable of making Africa the global hub for renewable energy development and diffusion. The Desertec Industrial Initiative, Lake Turkana Wind power project and the geothermal energy project in the rift valleys of Kenya are practical testimonies to the feasibility, viability and practicality of the numerous benefits of renewable energy. Africa does not have any reasons not to be a renewable energy continent because the continent is so blessed with abundant sunlight, free flowing rivers, millions of tonnes of agricultural and municipal waste as well as sufficient wind current along our littoral and front line corridors.

And the Presidents step in
Midway into my paper, Dr. Goodluck Jonathan, the President of Nigeria stepped in and quietly took his seat on the VIP table. When I was done with my lecture and made for my seat, I was congratulated by the VIPs who shook my hand for a job well done. “Stanley, that was a good one” President Jonathan said to me as we shook hands. “Thank you Sir” was my response to him. “By the way, where have you been all these while? I have not set my eyes on you since the day of my inauguration as Chairman of Economic Community of West African States [ECOWAS] just after our election” he said as he adjusted his pair of glasses.

I smiled and shook my head as I narrated to him how difficult it has been getting across to him once he won his election. He held my hand and looked straight into my eyes and said “Stanley, maybe you are making up excuses for bolting away since I became President”. He continued as we sat down “If you couldn’t access me, how come you didn’t get in touch with the Ministers of Power and Environment because they all know how to take you to me”.

I tried to explain to him that I actually got in touch with them but they kept coming up with reasons and narratives on how busy they have been. They even swore that they have not set their eyes on Your Excellency since you …. At this point, President Jonathan interjected and said “Okay, now that I’ve gotten hold of you, I guess we have a long way to go today because you’ll be joining me to attend to my other engagements in Germany today”. He later mounted the podium to apologize for coming late as he explained that his official schedules almost made it impossible for him to honour the invitation of the organizers but for the importance he attached to the event and the need to move Nigeria and the rest of Africa away from addictive fossil energy.

As we exited the venue, he insisted I rode with him in his official vehicle to his next destination which turned out to be an event being hosted by the German Chancellor Angela Merkel. The German State House was indeed a beehive of activities as staff and visitors alike were “hustling” around every inch of the sprawling edifice. Immediately some of the people sighted President Jonathan, they came rushing towards us trying to outdo one another in greeting him in their own special way - some shook hands with him with both hands while others joined both hands and their heads simultaneously even as others were almost on bended knees crawling just to better the record of the previous person who greeted the Nigerian President! I was enjoying the whole drama and while observing the young, not-too-old and old visitors who were milling around the space. “Mr. President!! Thank you for coming here again so soon after your state visit few months back”; Angela Merkel’s soft voice interrupted the drama I was enjoying. “Oh Madam Chancellor, I couldn’t help but come to share in your vision of leadership by example of dismantling the nuclear energy infrastructure that has been providing a large chunk of your country’s electricity needs” the Nigerian President said as he turned in the direction of the German Chancellor.

The German Chancellor was hosting some world leaders to a round table event meant to acquaint them with the effort Germany has been making towards replacing their nuclear energy stacks with wind turbines and solar farms. In attendance was President Barack Obama, President of the United States of America.  It was easy to tell that President Obama just finished a mini session with some groups from the G-77 countries as well as the Association of Small Island States [AOSIS] because banters and backslapping were freely flowing and one could feel their “polluter-must-pay” swagger as they all filed out behind the United States President whose attention was concentrated in our direction.

By this time, Obama and Jonathan were exchanging banters as they walked towards me and Nigeria’s Foreign Affairs Minister. “Good evening Mr. President” was all we chorused as they approached us. Mr. Obama answered and jokingly said: “This one I know –referring to Nigeria’s Foreign Affairs Minister; but this other tall one I don’t know. It is rare to see someone this tall outside the United States”. 

Mr. Jonathan laughed and quickly said: “No way! He is not from your country. He is my run away friend who I ran into in an event where we were both invited as special guests. Well, he said he is an Enviropreneur-whatever that means; but he delivered a good lecture on the imperatives of Youth driven environmental responsibility, renewable energy and energy efficiency for a Sustainable African Society at the well attended event and I “adult-napped” him afterwards. Mr. Obama looked very interested in me as he sought to know more about what Enviropreneurs like me do. I told him that “Enviropreneur promote policies, products, services and regulatory initiatives that are climate-resilient and that Enviropreneurs act as catalysts of the fast emerging global low carbon economy”

The Long Green Sermon 
At this point, the U.S President became sober and relapsed into a pensive mood as he went into a long sermon: “Talking about environmental responsibility, you know that I am almost as old as the environmental problems of the Niger Delta region in your country-one of the world’s most degraded ecological hotspots; having been born around the same time that oil was first discovered in commercial quantities there. Environmental problems exist all over the world and all hands must be on deck to fight the abuse of our much cherished common denominator, therefore I understand what a degraded environment means to the overall under-development of our civilization and I am keen to remain a key stakeholder in the efforts to bequeath a greener planet to our children and generations yet unborn by pushing the global market economy that depends solely on dangerous fossil fuel into a sustainable, green economy powered by clean, dependable, reliable and sustainable “green energy’’. 

I am already working on expanding the development of the Cleantech Industry in my country and I have gone ahead to re-assure all the producers, brokers, distributors, and retailers of bio-fuel, solar, wind and hydro energy resources as well as the firms providing ancilliary services to the green energy users and other stakeholders of a conducive environment for the growth and development of the Cleantech sector in God’s own country because we all have a stake in securing The Future We Want for our children and generations yet unborn- a future we can all be proud of. 

In fact, I continue to be motivated and inspired by what one of my predecessors, the very amiable Clinton said some time ago that “we are linked intrinsically by the physical and biological webs that sustain life on our planet-and, increasingly, by the unraveling. Indeed, unless we reach across borders and face this threat together, the next century may dawn on an earth in ecological crises, with half of all species gone, and our grandchildren enduring deadly floods, draught and diseases brought on by global warming”. 

Now that I am in the race to be re- elected to serve as President of the United States, I will be challenging our country to commit to producing 100% of our electricity from renewable energy and other carbon free sources within next two decades by leveraging on the difference in the energy economics of finite and infinite sources which makes the cost of one go up with increased demand while cost of the other goes down because it is free for ever. Also when we send money to foreign countries to buy about 70% of the energy we consume, they build skyscrapers with them and diversify their economies to rely on competitive industries funded by the US tax payers”.

He scratched his head as he continued: “This goal is achievable for us to stay eminently at the fore front of the battle to wrestle the global economy from fossil fuel addiction and guide same on a more sustainable green, low carbon pathway just the way Enviropreneurs and Environmental activists like you have been advocating by irreversibly committing to exploring alternative, renewable sources of power generation such as wind, Solar, Bio-energy”.

Looking at him straight in the eyes while re-adjusting my posture, I told him: “Mr. President, the impression of billions of people around the world is a picture of the United States being a clog in the wheels of progress to reach a global deal to check greenhouse gas emissions and reverse the trend of climate change-remember that your country and Australia were missing in action on the Kyoto signature page and just last December in Durban, Canada must have drawn misguided inspiration from that unpopular action in Kyoto”. He smiled and tapped President Jonathan on his shoulders as he concurred that his country has not done very well enough, using the many platforms presented by several United Nations climate change summits; to in his own words “incentivize action, create social capital around being part of a sustainable future in ways that engrave the subject of environmental responsibility, resource efficiency as well as general sustainability into the hearts and minds of billions of people worldwide”

President Obama did not disappoint as someone who captures your “mind and soul” with his gift of the garb as he continued: “I believe that already lessons drawn from about two decades of multilateral environmental negotiations are beginning to manifest, albeit at snail speed; considering the commendable efforts of Enviropreneurs who have succeeded in leveraging on the numerous benefits presented by energy efficiency and environmental responsibility to create the massively innovative cleantech industry”.

 At this point, everyone was listening with rapt attention as President Obama fires on: “As the number one citizen of the world’s biggest economy, I understand and appreciate the important place of the United States in energizing and diversifying the global economy. I understand that almost four million Americans and several millions others elsewhere live within a few feet of high tide and risk being hit by more frequent coastal flooding in coming decades because of the sea level rise occasioned by global warming and yes, I know that one of the most vulnerable states is in my country-Florida with roughly half of that state’s population living near the coast on the porous, low-lying continental shelf that borders much of the sunshine state even as New York, New Jersey Louisiana and California hang precariously on the precipice of being swallowed by rising sea level. 

At the very least, this unprecedented quantum of risk is enough to make us lubricate the wheels of future UN Climate summits and trust me, “RIO+20” offers a test ground to display our new found resolve to make the needed difference as we return to that great city where world leaders first constructed a new sustainable development paradigm that promised to enhance environmentally sound economic and social development at the Rio Earth Summit in 1992 during the United Nations Conference on Environment and Development. How time flies!!! 

He took a quick look at his wrist watch and looked around the place we stood, took a deep breath and continued: “Please permit me to share and update you on some of my ambitious plans for my dear country which would serve to galvanize global action in favour of sustainable development. Oh, oh I forgot the U.S presidential campaign is in top gear now and divulging some of these my green omnibus plans now might not be politically correct but just know that these my green plans are guaranteed game changers at the crust of which will be a robust policy of deliberate, conscious and conspicuous incentives to increase take up of renewable energy technologies via feed-in tariffs which will create investments further down the line even in smart grid and metering technologies”.


I did not plan to attend the event hosted by the German Chancellor on that day and I was not even invited but I can guess that even President Jonathan did not bargain for what the U.S President was serving us and he was far from done. He was calm, honest and composed as he continued from where he stopped: “I honestly believe that the implementation of my green omnibus projects mentioned earlier will create more than 1 billion jobs in direct and ancillary industries worldwide. I understand the fact that social unrest globally would be best fought using the double barreled weapons of employment generation and economic empowerment.

In addition, plans are under way to unleash a unique, novel Green Education Campaign [GEC] that will penetrate every home in America in such a way that would make our citizens understand the place of renewable energy, energy efficiency and environmental responsibility in revitalizing our economy that is just smarting from the recession of the most recent past. Immediately after the inauguration of my second tenure, I will liaise with Enviropreneurs worldwide to work out modalities on how to keep this Green Education Campaign in the public domain using both the print and electronic media with the popular rap musicians driving the process-imagine the positive impacts on youths worldwide when we get R.Kelly,   Beyonce,   Shakira   and Eminem to sing about the benefits of environmental responsibility and sustainable development! 

My government would work with professionals like you to achieve the exploration of the framework of sustainability potentials of our world in solving our nagging and embarrassing social distortions and ultimately drive the global economy towards a low carbon pathway consistent with the main stream science of climate change. Through these efforts and ambitious projects outlined earlier, we aim to give our economy the needed tonic to make it more robust and competitive.

Finally, I pledge that my next Presidency would usher us irreversibly into the low carbon economic pathway which billions of people globally have been yearning for all these years and I want to count on your support and partnership to turn these low carbon blueprints into reality. The future is indeed Green for all of us as members of one global community!”

I was speechless at this point and President Jonathan was wiping his glasses with his handkerchief. “Gentlemen, I must take my leave of you now as I am due for another emergency meeting” and with a broad smile, President Obama shook our hands again as he made his way back into the banquet hall where Chancellor Merkel was about addressing her guests on her vision to get Europe’s biggest economy to undertake a decommissioning of its dangerous nuclear as well as fossil fuel infrastructures by building wind farms and other renewable energy infrastructures that will cost around 200 billion Euros, nearly 8 percent of Germany’s gross domestic product in 2011 according to the best estimates of cleantech industry experts, which they hope will replace some 17 nuclear reactors that supplied about a quarter of their electricity needs.

Sudden but Painful flight back to reality:
A thunderous ovation greeted this announcement by the German Chancellor and suddenly, I felt something like an insect making an uncomfortable humming sound in my ears and when I turned to see what it was, I found myself rolling on my bed and sweating profusely. Oh no, these ubiquitous mosquitoes have woken me up from a wonderful dream and when I got up and peeped through the window, the whole neighbourhood was in total darkness as everyone had either ran out of diesel or hedging them against the usual darkness generated by the Power Holding Company of Nigeria - that monopoly that Nigerians love to hate with good reasons.

Nigeria’s electricity crisis is legendary and seems to defy every conventional solution but the bigger problem is that past governments had ignored the massive renewable energy potential of Nigeria and naively refused to harness these resources. So it was a dream after all, a “Renewable Dream” but who knows, President Barack Obama might turn out to be an Enviropreneur at heart and it remains to be seen if Americans would give him the power and authority to turn this beautiful renewable dream into reality. Indeed, Rio+20 presents a veritable platform for all stakeholders to Walk The Talk by doing the needful since we cannot negotiate with poor planet earth that has been subjected to unprecedented pressure by all of us!

Stanley Ijeoma is Africa’s foremost Enviropreneur and Country Representative for Nigeria on the board of World Council for Renewable Energy [WCRE]
*** This Article, re-purposed for the “Rio Blogger Prize”, is an adaptation of “An Enviropreneurs Encounter with Mr. President-A Renewable Dream!” first published 27th July, 2011 by the Green World Society-A voice for Nigerian Environment & Development. http://news.greenworldsociety.com/?p=268



Saturday, June 12, 2010

RENEWABLE REVOLUTION & THE NEED FOR A LOW CARBON ENERGY INFRASTRUCTURE.

At various points in the last 150 years, the global community had flirted with ideas and opportunities that could have led to the attainment of a low carbon global economy long before now. For instance, in the 1880’s experiment with renewable energy technologies resulted in the near emergence of commercial scale solar plants but before they could be integrated into the power grid, these experiments were abandoned with the advent of cheap hydrocarbon oil and 1st world war. Also during the 1980’s, just immediately after the oil peak price shocks of the 1970’s, these abandoned experiments were revived with renewed vigour and many governments in the west invested so much in the research and development of renewable energy technologies from solar to wind all the way to ocean wave energy but this adventure was short lived with the stability recorded in the international price of crude oil. Today, we are back to square one with the real threat of humanity going into extinction as a result of climate change and the recurring decimal of oil price/supply uncertainty/volatility leading to economic panic and governments the world over paying more attention to renewable energy technologies and energy efficiency mechanisms by investing heavily into research, production and large scale deployment of these green technologies. Indeed, the extant situation is different from the two previous scenarios of the 1880’s and 1980’s because of the “excess luggage” of climate change. The pertinent question that arises here is: what can we do differently this time to successfully execute the “green mandate” and usher in the renewable energy revolution? Humanity can prevent catastrophic climate change and adopt programmes, projects and policies that reduce energy usage by unleashing the full potentials of energy efficiency in concert with renewable energy resources. Target-setting has failed to achieve needed reductions in carbon dioxide (CO2) emissions because of the mindset that treats climate change as a mere pollution problem instead of being addressed as a fundamentally development challenge which it is. The indisputable fact remains that no one benefits from the mindless release of greenhouse gas into the atmosphere which, unfortunately, has no boundaries but developed and developing economies alike have everything to benefit from the transition to an energy-efficient and renewable energy powered global economy.

A strong international agreement like the opportunity that was blown up during the 15th meeting of the Conference of Parties (COP 15) to the United Nations Framework Convention on Climate change (UNFCCC) in Copenhagen last December could have accelerated this transition as well as the recognition of the potential that these resources offers could encourage governments to set aggressive milestones and benchmarks for renewable energy and energy efficiency. A bouquet of political will and the right policies can get the world on track to mitigate climate change in the near term while also meeting medium to long term demand for energy services especially by providing energy access for the world’s poorest who live in the hinterlands not serviced by the centralized power grids, boosting the global economy, bolstering energy security, and improving the natural environment both in human and ecological health terms. What is needed is a transformation of the entire global energy system and this is happening already. According to statistics collated, monitored and released by leading climate change conscious institutions and organizations, world gross domestic product (GDP) increased 156% while global energy demand (GED) rose 39%, pushing up global CO2 emissions by 38% between 1990 - 2007. Note that the emissions level was less than the energy demand itself and this has been made possible by advances in energy efficiency. There is a huge quantum of space for improvement because more than half of the energy that we generate does not provide us with useful services because of “lost in transit” syndrome that plaque centralized grid infrastructures. I’ll leave you to imagine the energy we lose in our transmission effort to get some folks in Calabar or Sokoto to enjoy the dividends of electricity generated in Kainji hydropower station in Niger state. Also according to the international Energy Agency (IEA), the projected investment in grid electricity worldwide in the next two decades can only take about 300 million people out of the energy poverty threshold of a total of 1.7 billion people who are trapped in this dark threshold. What then happens to the remaining 1.4 billion energy poor populations? This is where renewable energy comes on a ‘redemption mission” allowing you to generate electricity in-situ, off-grid fashion and allowing you deploy the resources you would have spent on transmission costs in other pressing areas like health and education. In 2007 alone, renewable energy accounted for more than 18% of total global energy supplies. Solar, wind, biomass, geothermal and other green technologies have experienced an average of double-digit annual growth rates in the last decade. The renewable energy share of additional global electricity generation leaped from 5% in 2003 to 23% in 2008 and this is minus significant hydropower generation. It is instructive to remind us that even in the face of the current global financial crisis, the cleantech industry continues to enjoy boom and is the least affected by the credit crunch of the last 12 months. Already, most Scandinavian countries and core European nations like Germany and Spain are leading the way in showing how to avoid CO2 emissions as well as meet their energy needs by leveraging on the platform presented by energy efficiency and renewable energy technologies. China’s case presents a unique “the good, the bad and ugly” scenario in simultaneous fashion. The good news is that the Chinese are leaders in the green tech race, the bad news is that they occupy the unenviable leadership position on the Co2 emissions ladder and the ugly side to all of this is that they seem not to let go of the “coal addiction” due to their commitment to fire up 500 more coal fired plants in the next decade. That amounts to almost a weekly commissioning of a coal fired plant in the next 520 weeks! The Chinese needs to be delivered from this coal bondage and it seems to me that whatever they lay their hands to do, they do it with all their might but Chinese arch–rivals, God’s own country, has elected to keep us all guessing with their “difficult to gauge” disposition even as the Barack Obama administration has already announced its intention in early 2009 to join the carbon race and has already got a proposed bill that is now trapped and almost gathering dust in the US congressional system. It seems to me that the recent oil drilling approvals he sanctioned against his campaign promises is a necessary compromise aimed at appealing and appeasing the “Texas tea” clique in that country’s political system that are bent on frustrating his “green plans” for the US economy but the State of California where Arnold Schwarzenegger holds forte is in no “dilly-dally mood” when the subject matter bothers on renewable energy and clean technologies revolution. Mr. Schwarzenegger has shown that he is not only a “master of make believes” but is equally talented in the emerging and booming reality show industry where what you see is what you get! Delta state governor Emmanuel Uduaghan is in a pole position to explain this “Arnold phenomenon” better than yours sincerely and I concede that task to him because he was physically present at that epoch making “Green Governors” parley in 2009 at the instance of Arnold aimed at galvanizing and mobilizing global forces of approving authorities to come on board the “Greentech Cruise Liner”! I believe that by the time Arnold will be done, no State or region will be more “sunshine” than California.

The truth is, used in concert, renewable energy and energy efficiency can take us farther down the low carbon economy lane and this Synergy makes for improvements in energy efficiency making it easier, cheaper, and faster for renewable energy to achieve a larger quota of total energy production while simultaneously and rapidly reducing emissions associated with energy use. The money saved via efficiency can help re-finance additional efficiency and renewable energy generation capacities. Many renewable technologies are well-suited for distributed uses, generating in-situ feedstock, electricity, and heat thus reducing transmission and transportation losses so that less primary energy is required to provide the same energy services. Global energy scenarios offer wide-ranging estimates of, how much and quickly too, renewable energy sources can contribute to make this low carbon economy happen. Most scenarios paint a not too gloomy picture of a gradual paradigm shift to a global green economic platform that still envisions a major role for fossil power for most of this century but there are reports that offer alternative hypothetical scenarios for 2030 that envision a steep transformation in how the world produces and uses energy that could lead to a much more aggressive transition. Through major improvements in energy efficiency, combined with a rapid scale-up in renewable energy deployment that leans heavily on technologies that are already commercially available today, we could be halfway to a green powered world within the next couple of decades. Such a transition is essential if we must meet the demands of science to keep C02 levels below 350 parts per million (ppm) and get on track to achieve emissions reductions as required by the Intergovernmental Panel on Climate Change (IPCC) to prevent runaway climate change by 2050.
Around the world, such evolutions are already under way going by the pledges of some countries like Switzerland, Maldives and Norway, during the COP 15 to become carbon neutral by the next two decades and the “happening now” examples being showcased by the Danish island of Samsø, Austrian city of Güssing and Rizhao in China who all share the common denominator of major emphasis on improved energy efficiency in concert with large scale deployment of renewable energy. Special mention should be made of the German led consortium committed to the Desertec Initiative which seeks powering Europe from the electricity to be generated in and around the Sahara desert and transmitted back to Europe via North Africa. The French are also developing an initiative similar in concept and design to the Desertec project and these are all gigantic renewable energy projects that would redefine our approach to the generation of renewable electricity and usher us into a truly decarbonized global economy.


For the world to avoid an uncertain, insecure economic future as well as catastrophic climate change, this transition must be accelerated rapidly with success stories and strategies shared across geographical boundaries. This surely will require replacing a centralized, complex, entrenched and inherited fossil energy system with a more liberal, distributed and democratized energy efficient, renewable system and this cannot happen without a huge dose of political will and committed strong, sustained green policies. More than anything else, policy choices have been more critical than renewable resource potential in driving the energy transformational examples we are already witnessing. Aggressive near- and long-term policies/regulations are needed to support and accelerate the transition to an efficient and renewable energy system, while eliminating barriers that favor existing fossil fuel mentality. A good starting point is to put a price on carbon that increases over time. This same carbon has the potential to become the world's biggest traded commodity in the next couple of decades. In fact the big carbon boom lurks around the corner and will hit us sooner than we imagine. The New York Times recently ran an article claiming that "carbon will be the world's biggest commodity market” the value of which doubled up to $64bn in 2007 from $32bn in 2006. As momentum continues to gather increasingly in favour of an energy efficient world, we are potentially sitting on top of a sky rocketing Trillion Dollar industry. We must develop incentives and strategies for phasing out existing, inefficient carbon-emitting infrastructures as well as decommissioning old coal-fired power plants and discouraging new ones. In terms of costs, a transition away from fossil fuel that is consistent with keeping CO2 emissions below 2 degrees centigrade below pre-industrial revolution levels, will take the equivalent of 3% of world GDP by 2030 according to a release by the Inter-governmental Panel on Climate Change (IPCC) in 2007.

The transition to a highly efficient economy that utilizes renewable energy is essential for developed and developing countries alike and represents the way that degradation of Earth’s climate system can be halted as well as the only real option for raising billions of people out of the poverty trap. The challenge is to devise a transition strategy that improves the lives of all citizens by providing them with essential energy services that do not disrupt the climate system, degrade the environment, or create conflict over resources. The world is now in the early stages of a renewable energy revolution that over the next few decades could be as positively impactful and momentous as the emergence of oil and electricity-based economies a century ago. Double-digit market growth, annual capital flows of more than $100 billion, sharp declines in technology costs, and rapid progress in the sophistication and willingness of political authorities to effectively drive government policies in favour of a promising new low carbon energy era. African countries and developing economies like Nigeria have a lot to benefit from this impending, unavoidable reality.


Stanley Ijeoma is an Abuja based Enviropreneur & CEO, Schrodinger Limited.