NIGERIA’S ENERGY TRANSITION WATCH

Table of Contents

COP27: A CONVERSATION ON CLIMATE JUSTICE AND NIGERIA’S READINESS

The Conference of the Parties (COP) is the supreme body of the 1992 United Nations Framework Convention on Climate Change (“UNFCCC” or the “Convention”) and is responsible for keeping under regular review the implementation of the Convention and any related legal instruments that the COP may adopt. The COP also makes, within its mandate, decisions necessary to promote the effective implementation of the Convention.

From 6-20 November, the Egyptian coastal city of Sharm el-Sheikh hosted the 27th COP (COP27)  with negotiators from member States to the Convention deliberating majorly on issues about the importance of accessing and utilizing the best available science for effective climate action and policymaking;  enhancing the ambition and implementation of the reduction of emissions of greenhouse gases including transitions to low-emission and climate-resilient development in line with the principles and objectives of the Convention, the Kyoto Protocol and the Paris Agreement; emphasizing the importance of protecting, conserving and restoring water and water-related ecosystems, including river basins, aquifers, and lakes; matters as to loss and damages arising from climate change and the need for reparation; climate finance; and technology transfer and development.

 

Previous COP meetings have primarily aimed to pressure the big emitting nations to set ambitious targets for decarbonization. Egypt being the host to COP27, the avenue was an opportunity for developing nations to advocate for their interests in the clean energy transition.

CLIMATE REPARATION

From the use of coal by cavemen to its use by Romans in England in 200AD and the use of coal by the Hopi Indians for their pottery to the invention of the steam engine by James Watt, nearly three hundred years of burning fossil fuels have produced much of the wealth of the developed world, and now the resulting greenhouse gases are heating the planet,

The highlight of COP27 was that climate reparation found its way into the agenda of the conference, and for the first time, this conversation was taken seriously. It is worth noting that under the Convention the parties understand that “the largest share of historical and current global emissions of greenhouse gases has originated in developed countries, and that per capita emissions in developing countries are still relatively low and that the share of global emissions originating in developing countries will grow to meet their social and development needs”.

Download full article by filling this form

Please do not treat the foregoing as legal advice as it only represents the public commentary views of the authors. All enquiries on this Brief should please be directed at: 


\"\"

Oyeyemi Oke
Partner
oyeyemi.oke@ao2law.com


\"\"

Joseph Omoba
Senior Associate
joseph.omoba@ao2law.com


\"\"

Michael Ejiofor

Associate
michael.ejiofor@ao2law.com


\"\"

Olajide Akibu

Associate
olajide.akibu@ao2law.com

Share

Want to keep up with our Articles?

Get our most valuable tips right inside your inbox, every month!

Related Posts

collabo
THE MERGERS & ACQUISITION (M&A) OPTION TO THE RECAPITALIZATION CHALLENGE: KEY CONSIDERATIONS IN A LESS THAN 12 MONTHS WINDOW IN NIGERIA
With the Central Bank of Nigeria’s new recapitalization mandate, banks face a defining moment. As the...
Lawyers,Or,Counselors,Shake,Hands,With,Clients,To,Congratulate,The
THE ADMINISTRATIVE TRIBUNAL AND ITS QUASI JUDICIAL POWERS: AN APPRAISAL OF THE RECENT DECISION OF THE FCCPC TRIBUNAL IN NIGERIAN BOTTLING COMPANY LIMITED & ANOR V FCCPC
In a compelling review of a recent FCCPC Tribunal decision, this article examines the tribunal’s rejection...
Aerial,Front,View,Of,A,Loaded,Container,Cargo,Vessel,Traveling
LEGAL FRAMEWORK GOVERNING SHIP LEASING AND OWNERSHIP IN NIGERIA
Nigeria’s shipping industry plays a pivotal role in trade and economic development. This article explores...
Banner,Oil,Refinery,Gas,Petrol,Plant,Industry,With,Crude,Tank,
BALANCING MARKET LIBERALIZATION AND REGULATION IN NIGERIA’S DOMESTIC GAS SECTOR
In a bold yet calculated move, the Nigerian government has revised the 2025 Domestic Base Price for natural...
Crypto,Insurance,3d,Illustration,Concept.,Protecting,Virtual,Assets,And,Currency
THE LEGAL AND REGULATORY LANDSCAPE OF VIRTUAL ASSET SERVICE PROVIDERS (VASPS) IN NIGERIA
As Nigeria shifts from a ban to a structured regulatory framework for cryptocurrency and digital assets,...
Article Banner FROM FIRS TO NRS THE CHANGING TAX LANDSCAPE AND ITS IMPLICATIONS FOR BUSINESSES IN NIGERIA
FROM FIRS TO NRS: THE CHANGING TAX LANDSCAPE AND ITS IMPLICATIONS FOR BUSINESSES IN NIGERIA
With the introduction of the Nigeria Revenue Service (NRS) and the Nigeria Tax Administration Bill (NTAB),...
Plane delayed
CONSUMER PROTECTION IN THE NIGERIAN AVIATION INDUSTRY: BALANCING PROFITABILITY AND PASSENGERS’ RIGHTS.
The Nigerian aviation industry has grown rapidly, but ensuring consumer protection remains a challenge....
RENEWABLE ENERGY PROJECTS
A REVIEW OF TAX INCENTIVES FOR RENEWABLE ENERGY PROJECTS IN NIGERIA
Nigeria's push for renewable energy is backed by various tax incentives aimed at attracting investors...
E Invoicing
FIRS E-INVOICING SYSTEM: CREATING A NEW INDUSTRY BEYOND TAXATION
The FIRS E-Invoicing System is more than just a tax compliance tool—it’s a catalyst for digital transformation...