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HomeMetro NewsClimate change campaign group, GEAPP appoints Nigeria's ex-VP Osinbajo global advisor

Climate change campaign group, GEAPP appoints Nigeria’s ex-VP Osinbajo global advisor

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The immediate past Vice President, Yemi Osinbajo has been appointed as a Global Advisor by the Global Energy Alliance for People and Planet (GEAPP), an international agency funded by the Rockefeller Foundation, the IKEA Foundation, and the Bezos Earth Fund.

The announcement was made at a press conference in Lagos on Tuesday.

GEAPP was launched at COP26 with aligned investments of $10 billion+, including a commitment of up to $1.5 billion from their three anchor partners, as well as nearly $9 billion in aligned investments from their eight investment partners, the African Development Bank Group, the Asian Development Bank, the European Investment Bank, the Inter-American Development Bank, the International Finance Corporation, the British International Investment, the U.S. International Development Finance Corporation, and the World Bank.

Their common mission is to enable emerging economies to shift to a clean energy, pro-growth model that accelerates universal energy access and inclusive economic growth while supporting the global community to meet critical climate goals during the next decade.

The CEO of GEAPP, Simon Harford stated that the choice of Osinbajo as a Global Advisor is because “His Excellency is a phenomenal advocate, champion, and case study for how a government, region, and continent should think about this (climate change).

“That way of thinking, harnessing governments, and working together as governments is an enormous skill and background that he has that we can benefit from at GEAPP.”

He also emphasized the business opportunities inherent in clean energy: “It is jobs, it is manufacturing. There is a problem to be addressed, but there is a profound solution and opportunity.”

While accepting the appointment, Osinbajo noted that there was a need for the governments of many developing countries to understand the economic opportunities that lie in climate action.

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He said that “perhaps this is the only way this makes more sense to governments. If you look at the pace at which climate action has gone, it is way behind the urgency of the matter.

“I believe we have an opportunity to do a lot more in terms of sensitizing governments to the need to act quickly, urgently, and together.”

The immediate past Vice President also made the case for the African Continent being the solution to climate change while ensuring a just energy transition journey.

According to Osinbajo, “It is evident that given its huge renewable energy resources, the largest carbon sinks in the world, enormous natural resources, and a large youth population, we (Africa) can be the solution to climate change.

First, by forbearing to grow along the carbon-intensive pathway of wealthier economies and adopting climate-positive growth policies, we play a critical role in ensuring that global net zero is possible by 2050. Second, climate action can indeed be the job engine for Africa.”

Osinbajo noted that “Africa could lead the way in tackling climate change by leveraging on its renewable energy potential, young workforce, green technologies, carbon removal, and green manufacturing.

“In other words, Africa can provide jobs for millions of its young people, prosper, and lead in the fight against climate change by becoming perhaps the first green or carbon-free civilization.” And we have the comparative advantage to do so.”

Osinbajo, however, stated that building a climate-positive growth future in the context of a just energy future that includes energy access at all levels and drives economic growth in developing countries requires international consensus, collaboration, and investment.

He went on to acknowledge the work of GEAPP as one that bridges the gap “between developing countries and energy access,” which has been “a core focus of the Global Energy Alliance for People and Planet (GEAPP) since it was founded in 2021.

“As Vice President, I worked extensively with the team towards creating a pathway that ensures Nigeria achieves its goal of net zero emissions by 2060. This work eventually resulted in Nigeria’s Energy Transition Plan (ETP), a data-based, strategic, clean energy transition plan in Africa, and the Energy Transition Office, which works tirelessly towards successfully implementing the plan. The twin problems of energy access and climate change simply cannot be solved independently by developing countries.

“I saw this firsthand while working on Nigeria’s decarbonization journey plan. We need partners at different levels,” the immediate past Vice President said.

Osinbajo admitted that “there is still much to be done with the current energy transition to preserve the planet. This transition process affords us the opportunity to address climate change and expand energy access for all, regardless of their geographical location or socio-economic background.”

(omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138

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