By Cecilia Ologunagba
Dr Chidi Onuoha, a development economist says Nigeria will soon witness resurgence of projects that will promote low carbon economy when it domesticates the Paris Climate Change agreement.
Onuoha said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Tuesday.
He said that President Muhammadu Buhari attended the Climate Change Conference in 2015, where he presented Intended Nationally Determined Contributions (INDCs) to the conference.
“We now see a government that is interested in promoting low carbon resource efficient economy.
“Nigeria is signing the Paris Agreement next month and by the time the country domesticates it, it will become its National Determined Contributions (NDCs).
“What this means in essence is that we are going to see a resurgence of renewable energy and energy efficient projects that will promote low carbon economy,’’ he said.
He said that promoting low carbon economy was about embracing renewable energy, adding that “when you deploy solar energy; you are committed to an act of not releasing carbon into the atmosphere.’’
The expert said that the implication of the whole thing was that it was government that would be driving the process.
“The beauty of this is that the private sector is now being encouraged and attracted into the projects.
“Also, there will be solar, wind, biomass and biogas because there is an agreement that once it becomes a law, investors will come into the country,’’ he said.
Onuoha said that 2015 Paris Conference was a turning point when the president promised to address climate change by embracing green economy.
“One thing is to sign these agreements and the other is to domesticate them.
“We have not really been that serious, I must tell you. But I must give kudos to the president; he was very definite at the last year Paris Conference
“I’d say that was one of the water-shed of Nigeria’s green movement, where he made a commitment that we are interested and we want to reduce our emissions,’’ he said.
According to him, the country wants to generate renewable energy by 20 per cent in the short run and 45 per cent in the long run, using the same renewable energy.
Onuoha, a consultant to the National Assembly on Climate Change said that the government had been holding consultations with stakeholders on how best to implement the NDCs.
He said that a team from the Federal Ministry of Environment led by the Minister, Amina Mohammed, had presented the framework on the implementation of NDCs to the National Assembly.
He said that the bottom line of green economy was the business of carbon, managing carbon and the way it was being released into the atmosphere.
“One thing about green is that it connotes life and green economics it is the act of promoting low carbon, resource efficient economy.
“It is on that premise that people are becoming conscious of the environment.
“It was noticed that the industrial activities led to the release of carbon in the atmosphere which led to what we call the climate change or global warming,’’ he said.
In addition, he said that National Assembly was serious to pass the Climate Change Bill.
“We are 10-man body that has been appointed by both the Senate and the House, and I know that before the end of the year, that Bill would have become an Act.
“Now on the policy side, the government has also ruled out plans on how to go about the implementation NDCs carrying the private sectors along,’’ he said.