Some countries and International institutions have pledged to support the channeling of Special Drawing Rights (SDRs) through Multilateral Development Banks (MDBs). A statement issued by the African Development Bank (AfDB), said that the bank with the Inter-American Development Bank (IDB) raised the…
OPEC has urged its member countries to reject calls for fossil fuel phase-out at the ongoing COP28. In a recent letter addressed to its members, Haitham Al-Ghais, the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), said it…
By Tunde Rahman The United Nations’ Climate Change Summit, otherwise called COP28, currently going on in Dubai, United Arab Emirates, opened with the historic launch of the Loss and Damage Fund on Thursday, December 3. The operationalization of the fund…
The Federal Government says it has secured more than 5 billion dollars commitments for its climate action at the ongoing climate change conference also known as COP28 in Dubai, UAE. Dr Salisu Dahiru, Director-General, National Council on Climate Change (NCCC),…
The Group CEO of Airtel Africa plc, Segun Ogunsanya, has reiterated the importance of an enabling policy environment for sustainable development and climate action in partnership with Africa’s private sector at COP28. Mr. Ogunsanya, a member of the United Nations…
NNPC Limited says it has signed two gas deals at COP28. The deal covers a floating liquefied natural gas deal and a small-scale LNG deal at the ongoing COP28 in Dubai. According to the company, the deal is both for…
The connotations and denotations surrounding the ongoing Convention of Parties (COP) with Nigeria being described as having recorded the highest number of registered delegates from Africa at the ongoing COP28 in Dubai, United Arab Emirates should be accorded with less…
Nigeria and other African countries are poised to gain from €5 million in Sustainable Energy Funds from Italy through the Sustainable Energy Fund for Africa (SEFA) Special Fund. The Deputy Minister of Environment and Energy Security for Italy, Vannia Gava,…
The Federal Government of Nigeria has pledged to lower its methane emissions. Minister of State Petroleum Resources (Gas), Hon. Ekperikpe Ekpo made this known this while on a Ministerial Panel on actions being taken to accelerate compliance with the Methane Pledge…
Founder of the Tony Elumelu Foundation and Chairman of the United Bank for Africa (UBA) Group, Mr Tony Elumelu rallied the support of global leaders at the COP28 holding in Dubai for immediate climate action to support the future of…
