COP28: TINUBU: WE MUST ACT NOW TO HEAL BLEEDING EARTH

Babatunji Wusu –

According to President Bola Tinubu, there is an urgent need to stop the earth’s bleeding and prevent Africa from suffering from the disruptions caused by climate change mitigation measures.

Speaking on a panel on African green industrialization, which was organized by the COP28 Presidency and His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates, on Saturday in Dubai, United Arab Emirates, Tinubu made this statement.

The president acknowledged that although Africa contributes the least to global carbon emissions, it faces a disproportionate amount of the financial burden associated with the switch to cleaner energy, according to a statement issued by his spokesperson, Ajuri Ngelale.

In order for Africa to fully and quickly shift to cleaner energy, he continued, risk management is essential. He emphasized that Africa must avoid falling prey to the disruptions that come with climate change mitigation measures.

According to Tinubu, in order for Africa and Nigeria to completely and successfully shift, as well as for the continent to adapt and transition, investments in alternative energy are desperately needed.

“International manufacturers must collaborate with us to make investments in the well-being of our shared environment,” he declared. In this way, Africa presents an unparalleled opportunity. As the greatest economy in Africa, we are removing all barriers to growth. The climate for investing is improving and getting cleaner.

But how will all these developments not harm Africa? How can we make our resources more valuable? While it’s widely acknowledged that the world needs mending, how do you tell a grandmother to quit cooking her meals over firewood? Investing in solar and alternative energy is my responsibility.

Here, you have to promote investment while also taking into account how this investment can impact us. Indeed, there is a market here as well as enough housing to electrify using solar power. Iron ore exists there, and investment is made there as well. For Africa, risk management is crucial. The chances ought to be taken as soon as possible. We shall make the most of the resources provided in exchange for our rapid progress.