Connecting The Dots Climate Finance: The What, Whys, and Hows – Part II by Doose Iortyom October 15, 2024 Published by Doose Iortyom This episode discusses how Nigeria can bridge the climate finance gap to meet its ambitious targets. Our guests, Chintal Barot (Founder, Co-Sustain Consulting) and Titilayo Oshodi (Special Adviser on Climate Change and Circular Economy to the Governor of Lagos State), share insights on accessing funding, the role of gender in climate finance and why the economic argument is crucial for driving climate action. Some states are already making big moves with climate-smart projects, and we explore how they’re pushing for greener infrastructure, smart finance, and lasting change. This podcast series is brought to you by the Women on the Grid Hub and produced by The Nextier. WATTS 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗚𝗿𝗶𝗱’? Is a Women on the Grid Hub initiative, supported through the UKNIAF programme, delivered by Tetra Tech, and funded by FCDO (Foreign, Commonwealth and Development Office). October 15, 2024 0 comments 0 FacebookTwitterPinterestEmail
African Focus Harnessing Africa’s Mineral Wealth: Paving the Way for Energy Transition and Economic Prosperity by David Omata October 19, 2023 Published by David Omata Africa, often called the “cradle of humankind,” has natural resources. Among these resources are the key minerals essential for driving the global shift towards energy transition and sustainable energy. Minerals such as lithium, cobalt, rare earth elements, and many more are crucial in producing batteries, solar panels, and other components vital to renewable energy infrastructure. This vast resource potential presents African countries with a unique opportunity to charge towards energy transition. While significantly strengthening their economies through industrialization by setting up companies to process these minerals into final products or to export them. Lithium: Powering the Battery Revolution Lithium-ion batteries are the backbone of modern energy storage, powering everything from electric vehicles to grid-scale energy solutions. Africa’s lithium reserves, particularly in countries like Zimbabwe, Congo, and Mali, have the potential to become a cornerstone of the global battery industry. Investing in lithium extraction and processing capabilities, these nations can become key players in the energy transition while creating jobs and attracting investment. Zimbabwe has the most lithium deposits in Africa and has attracted investors in battery materials from Canada, the United Kingdom, and Australia in recent years, while China remains the dominating player. Prospect Lithium Zimbabwe, a subsidiary of Zhejiang Huayou Cobalt, launched the facility, which can potentially convert 4.5 million metric tonnes of hard rock lithium into concentrate for export each year. Cobalt: A Crucial Element for Battery Technology Cobalt is another indispensable mineral for battery production, and Africa holds over half of the world’s known reserves. Countries like the Democratic Republic of Congo and Zambia are rich in this resource. However, sustainable and responsible mining practices are paramount to ensure social and environmental well-being. The Democratic Republic of the Congo possesses the world’s largest cobalt deposits, estimated to be four million metric tonnes in 2022. With total global cobalt reserves of 8.3 million metric tonnes, the DR Congo’s cobalt deposits account for approximately half of the world’s cobalt reserves.African nations can lead by example, implementing ethical mining standards and fostering fair trade partnerships with international markets. Rare Earth Elements: Catalysts of Renewable Energy Rare earth elements (REEs) are essential for producing magnets in wind turbines and electric vehicles. Africa’s REE potential, especially in countries like South Africa and Burundi, positions the continent as a key supplier in the global transition to clean energy. South Africa possesses 15 rare earth elements and 86,900 tonnes of rare earth oxides, including significant concentrations of neodymium and praseodymium. Strategic investments in REE mining, processing, and refining technologies will be required to explore these REEs fully. Silicon and Quartz: Cornerstones of Solar Energy Silicon and quartz are fundamental materials used in the production of solar panels. With abundant reserves in Egypt, South Africa, and Morocco, Africa is poised to become a significant player in the solar energy market. African nations can meet domestic energy needs and tap into the lucrative global solar industry by fostering local manufacturing capabilities and developing a skilled workforce. This action would reduce Africa’s reliance on solar battery imports and position the region as a key exporter. Copper: The Conduit for Electricity Copper, a vital component in electrical wiring and transmission systems, is commonly found in Zambia, known as the “Copperbelt,” one of the world’s largest copper deposits. By leveraging its copper resources, Zambia, along with other copper-rich nations like the Democratic Republic of Congo and Namibia, will play a pivotal role in modernizing Africa’s electrical infrastructure, facilitating the integration of renewable energy sources into the grid. Policy RecommendationsThis article has outlined several key African mineral resources that can drive the energy transition and boost the continent’s GDP. African nations may successfully use their mineral resources to advance the energy transition, boost their economies, and guarantee equitable and sustainable development for their people by concentrating on these five key proposals. Comprehensive Resource Governance Framework Establish a robust and transparent regulatory framework for extracting, processing, and exporting critical minerals, ensuring environmental protection, social equity, and adherence to international best practices. These actions would build the capacities of each country with these minerals to establish companies that would process the minerals into finished products rather than just exporting them to other countries for processing. Technological Innovation and Capacity Building Promote research and development initiatives in collaboration with industry and academic partners to advance mining technologies, mineral processing, and energy storage solutions while investing in skills development programs to create a skilled workforce. These actions build the capacities of each country with these minerals to establish companies that would process the minerals into finished products rather than just exporting them to other countries for processing. Responsible and Ethical Supply Chains Implement stringent supply chain standards and ethical sourcing practices for critical minerals, fostering fair trade partnerships and ensuring that mineral extraction benefits local communities and adheres to environmental sustainability standards. Inclusive Economic Diversification Encourage downstream industries and value-added processes for minerals, such as local manufacturing of solar panels and battery components, to create job opportunities, stimulate economic growth, and reduce dependency on raw material exports. Sustainable Environmental and Social Practices Enforce environmental safeguards, including rigorous impact assessments and rehabilitation plans, to minimize the negative environmental impacts of mining activities while prioritizing community engagement, revenue-sharing mechanisms, and social development initiatives to ensure that local populations benefit from mineral resource exploitation. ConclusionAfrica’s vast mineral wealth is key to unlocking a sustainable future for the continent and the world. By strategically developing and leveraging these resources, African nations can spearhead the global transition towards renewable energy. Also, the continent can significantly boost its economy by exporting these minerals, thereby diversifying its revenue streams and improving the livelihoods of its citizens. However, this wealth must be managed responsibly and sustainably, ensuring the benefits are equally distributed and environmental sustainability remains a priority. With the right strategies and partnerships, Africa has the potential to be a beacon of renewable energy and sustainable and inclusive development globally. October 19, 2023 0 comments 0 FacebookTwitterPinterestEmail
Power Punch The Impacts of Clean Energy on Sustainable Urban Development by Doose Iortyom January 30, 2023 Published by Doose Iortyom As the world’s population rises exponentially, there is a simultaneous increase in anthropogenic activities and global emissions, speeding up climate change effects on our planet. Thus, there is an urgency to employ clean energy in sustaining our cities. However, what are the impacts of clean energy on sustainable urban development? In 2020, the United Nations Development Programme (UNDP) estimated that cities account for 70 per cent of the world’s greenhouse gas emissions and face natural disasters such as flooding and heat stress because of climate change. For this reason, the united nations, through its Sustainable Development Goals (SDGs), have called for the promotion of clean energy towards sustainable urban development. Achieving sustainable development requires a significant transformation in how cities are built and managed. With buildings emitting more energy-related carbon globally than the entire transport sector, experts say adopting green building standards in the housing industry can reduce carbon emissions and increase resilience to the effects of climate change. As urban cities become congested, waste generation and disposal become critical. However, anaerobic decomposition could provide a solution. Methane-rich biogas is produced when biodegradable waste is decomposed in the absence of oxygen. If the decomposed waste is from non-fossil sources such as food and green waste, the biogas produced can help offset carbon emissions, generate energy and provide a solution to growing waste disposal issues. Incorporating solar or wind energy into urban planning is also necessary to diversify the energy mix of future cities. These renewable energy sources do not produce the harmful greenhouse gases (GHG) associated with traditional fossil fuels. Solar and wind energy can also help to improve air quality in cities, which is particularly important for the health and well-being of residents. It makes economic sense that the impacts of clean energy on sustainable urban development be harnessed. In Nigeria, incorporating clean energy in urban designs will grow wealth and create jobs while contributing to global climate action. In addition, it will create opportunities in research, development, and manufacturing, leading to a more diverse and resilient economy. Several countries have begun incorporating clean energy into their cities. For example, South Africa is exploring the production and use of biofuels in transport, using renewables for facilities such as depots and transport interchanges, and replacing the municipal diesel bus fleet with electric buses. Sweden also aims to be the first fossil fuel-free country in the world. According to the country’s official site, about 75 per cent of electricity production comes from hydroelectric (45 per cent) and nuclear (30 per cent) power. It is worth noting that Nigeria has made some efforts towards promoting sustainable urban development through ambitious targets and programs. One such effort is the Nigerian energy transition plan that hopes to guide the country to achieve net zero by 2060. Despite this, Nigeria’s energy mix currently relies heavily on fuel fossils. Adopting clean energy for sustainable urban development would require promoting eco-friendly substitutes for raw materials for urban settlements, investing in green public spaces, and improving urban planning and management through participation and inclusion. In addition, sustainability discussions must be fostered with concerted efforts from all stakeholders, including governments, the private sector, and civil society. Building sustainable cities cannot take a back seat in fighting for a better Nigeria. More initiatives that place sustainability at the core of urban development must vigorously be encouraged if we must leave a habitable planet for generations to come. January 30, 2023 0 comments 0 FacebookTwitterPinterestEmail
Power Podcast Nigeria’s Burgeoning Carbon Credit Market by Aisi Atiti September 20, 2022 Published by Aisi Atiti On this episode of the Power Podcast series, our guest is Oluwatomi Elizabeth Omogbai, Carbon Sourcing Coordinator (Africa), ALLCOT Trading.Ms Omogbai joins us to discuss the concept of carbon trading and its contributions to the global energy transition, highlighting ways Nigeria’s carbon trading marketplace can be improved. September 20, 2022 0 comments 0 FacebookTwitterPinterestEmail