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Nigeria reveals new global climate policy

Nigeria
Bussinessday
30/09/2010

…Oil and gas operators urged to re-strategise on sustainable policies

Attention of the global energy mix was placed on Nigeria's thriving oil and gas industry in Houston, Texas, at an international conference on energy and climate policy, organised by the James Baker Institute for Public Policy Rice University.

Diezani Alison-Madueke, minister of petroleum resources, who delivered the keynote address with theme: "Energy Market Consequences of an Emerging US Carbon Management Policy," while citing examples from the country's oil industry experience on environmental issues, called on global operators of the oil and gas industry to re-strategise on sustainable policies for the sector. He added that in Nigeria, "our over 50 years experience in the oil and gas industry continues to reveal the complex dynamics of balancing global energy security, domestic economic growth, climate and environmental considerations. We have realised the importance of a holistic approach to policy formulation and are making significant efforts in this respect," Alison-Madueke enthused.

The minister noted that recent events such as the unprecedented heat wave in Russia, flooding in Pakistan, oil spill in the Gulf of Mexico, and the noticeable seasonal patterns in Nigeria, all point to a rapidly evolving climatic and environmental trend, many of which cannot be divorced from global warming for which the operations or products of the oil and gas industry have partly been held responsible. Throwing more light on Nigeria's experience in battling environmental-related issues and the Federal Government's aspiration for the oil and gas industry, Alison-Madueke stated that government has come up with a strategy designed to make Nigeria carbon neutral by 2025 at the latest.

"As a signatory to the Kyoto protocol, we have recently developed a draft policy to address climate change in Nigeria. Our draft policy focuses on the following: adaptation, mitigation, finance and technology," she noted.

The minister also observed that Nigeria is leveraging the Clean Development Mechanism (CDM) to access funds for major projects. And so far, the country has benefited from the Agip Okpai Combined Cycle power plant and Pan Ocean gas plant with plans to list more projects to benefit from this scheme in the nearest future.

She also drew the attention of the world to the protracted issue of gas flaring and environmental degradation in the Niger Delta, wrought by the activities of major international oil companies operating in Nigeria, and moves by government to outlaw gas flaring.

Beyond the climate change aspirations, the minister assured that Nigeria aspires and is aggressively pursuing its agenda to be one of the world's top 20 economies by 2020. This aspiration, she stated, calls for an aggressive growth in gross domestic product (GDP) over the next few years.

El contenido de las noticias que se presentan en esta sección es responsabilidad directa de las agencias emisoras de noticias y no necesariamente reflejan la posición del Gobierno de México en este u otros temas relacionados.

    

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