Africa-United Nations General Assembly (UNGA) 2019: No Room For Coal In Africa’s Renewable Future

Africa-United Nations General Assembly (UNGA) 2019: No Room For Coal In Africa’s Renewable Future

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Top 10 Most Expensive Universities In Nigeria

For many Nigerians, high-quality higher education is a luxury. There are many private universities who are known not only...
- Advertisement -
- Advertisement -

African Development Bank  President Akinwumi Adesina on Tuesday unveiled ambitious plans to scrap coal power stations across the continent and switch to renewable energy at United Nations climate talks on Monday.

Addressing a gathering of leaders and officials from almost 200 countries in New York, Adesina outlined efforts to shutter coal-fired power plants and build the “largest solar zone in the world” in the arid Sahel belt.

“Coal is the past, and renewable energy is the future. For us at the African Development Bank, we’re getting out of coal,” Adesina told delegates to the Climate Action Summit in Manhattan this week.

The Bank’s $500 million green baseload scheme will be rolled out in 2020 and is set to yield $5 billion of investment that will help African countries transition from coal and fossil fuel to renewable energy, said Adesina.

Read:  African Development Bank To Launch Report: Creating Decent Jobs: Strategies, Policies And Instruments

Adesina also talked about plans for $20 billion of investments in solar and clean energy that would provide the region’s 250 million people with 10,000 MW of electricity.

“There’s a reason God gave Africa sunlight,” said Adesina.

Presidents, princes and government ministers from around the world attended the UN’s climate summit, as they faced mounting pressure to reduce heat-trapping gas emissions and slow the global rise in temperatures.

UN secretary-general Antonio Guterres also took a swipe at the “dying fossil fuel industry” and said it was still not too late to keep the global rise in temperatures below the benchmark figure of 1.5 degrees Celsius.

Read:  Pope Francis highlights the role of the IFAD in ending global hunger and poverty

“But it will require fundamental transformations in all aspects of society — how we grow food, use the land, fuel our transport and power our economies,” said Guterres.

Read:  Nominations open for Youth Empowerment Policy Award

“We need to link climate change to a new model of development — fair globalisation — with less suffering, more justice, and harmony between people and the planet.”

The UN says mankind must reduce greenhouse gas emissions to limit global warming to about 1.5 degrees Celsius above pre-industrial temperatures to stave off the worst-case predictions of scientists.

The meeting was part of the run-up to the international climate talks in 2020, which is the next deadline for countries to make significant emissions reduction pledges under the 2015 global warming deal.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Unity Bank Plc Loses Court Case Against Former Employee

A former employee of Unity Bank Plc, Mr Moses Mina, has floored his former employers at the National Industrial...

Nigeria: Headline Inflation accelerates to 12.13% in January 2020; 0.15% Higher Than December 2019 Rate

Inflation figures for January 2020 released by the National Bureau of Statistics (NBS). Nigeria’s headline inflation accelerated to 12.13% YoY (0.87% MoM). The current...

Heineken N.V. reports 2019 full year results

Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) announces: Net revenue (beia) organic growth +5.6%; net revenue (beia) per hectolitre +3.3% Consolidated beer volume +3.1% Heineken®...

New Extended Housing Constant Torque Hinge from Southco Offers Increased Resistance in a Smaller Profile

HONG KONG, CHINA - Media OutReach - 18 February 2020 - Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access...
%d bloggers like this: