Tag: fossil fuel

Why fossil fuel phaseout is unavoidable - UN
Oil and Gas

Why fossil fuel phaseout is unavoidable – UN

The United Nations Secretary-General, António Guterres, stated that phasing out fossil fuels was not only necessary but also unavoidable. The PUNCH reported that he urged countries to take action and hasten the switch from fossil fuel to clean energy, with the largest emitters setting the example, during a speech on Friday in honour of the […]

G7 Nations to speed up renewable energy, phase out fossil fuel
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G7 Nations to speed up renewable energy, phase out fossil fuel

The G7 nations have agreed to hasten the deployment of renewable energy and curtail natural gas consumption in a bid to accelerate the phasing out of fossil fuels, according to a communique issued on Sunday. The G7 is an informal grouping of seven of the world’s advanced economies, including Canada, France, Germany, Italy, Japan, the […]

EU invests €3bn, generates 160,000 jobs in Nigeria yearly - Ambassador
Business

EU to increase renewable energy target by 2030

The European Union on Thursday made a provisional agreement on increasing renewable energy targets, a key component of the EU’s strategy to combat climate change and reduce reliance on fossil fuels from Russia. Reuters reported that negotiators from the European Parliament and the Council, who represent EU member states, agreed that by 2030, the EU […]

News

Lagos businesses spend N5.3tn on fossil fuel annually

Lagos State residents and businesses operating in the state spend about N5.3tn annually on fossil fuel as a result of the low supply of electricity from the national grid. The Commissioner for Environment and Water Resources, Mr Tunji Bello, while speaking at the first Lagos State climate change business meeting with members of the Organised […]