The Organisation of the Petroleum Exporting Countries (OPEC) has announced that it is working to triple renewable energy in its member states, News About Nigeria reports.
The Secretary-General of OPEC, Haitham Al-Ghais, said this while speaking with newsmen on the sidelines of the ongoing 7th Nigeria International Energy Summit (NIES 2024) in Abuja.
He noted that this was one of the outcomes decided at the 2023 UN Climate Change Conference (COP28).
The 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC) was held in the United Arab Emirates (UAE) between November 30 and December 13, 2023.
Al-Ghais maintained that the outcome of the 2023 UN Climate Change Conference (COP28) and its agreement reflected OPEC’s advocacies on tripling renewable energy, reducing methane emissions, and achieving double efficiency, which, according to him, has never been achieved in previous COPs.
He noted that the first-ever Global Decarbonisation Chatter was signed at the conference, with over 50 oil and gas producing companies around the world participating, adding that the companies represented around 40 percent of global production, while five of those companies were from the national oil companies of OPEC member countries.
“We are proud that our member country managed to bring about a successful outcome of the COP28, and the wording in the agreement reflects what OPEC has been advocating for so many years.
“We believe that the transition that may happen in one part of the world may not necessarily be a transition suitable for Nigeria or, for example, my own country, Kuwait.
“The beauty of the outcome of the COP28 is that it laid out a whole range of options for countries to follow through its renewable energies, and the role of technology was emphasised,” he stated.
