Breaking News
Translate

Oil industry poised to reduce gas emissions – Barkindo

ABUJA – The Group managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Sanusi Barkindo, has said the nation’s oil and gas industry will continue to implement strategies design to reduce emission of greenhouse gases in the country

Barkindo made this known on Friday, during the First National Climate Change Roundtable, organized by the Ministry of Environment, in Abuja .He said, “ Nigeria ’s oil industry will continue implementation of activities design to reduce emission f greenhouse gases. We have opted for implementation of clean development Mechanism (CDM) in the country.”

According to the GMD, the commitment was not only towards enhancing the nations mitigation effort as a country, but also through executing them in a win-win manner for all parties.

He said that apart from attracting capital for project that assist in the shift to a more prosperous but less carbon-intensive economy, CDM implementation encourages and permits the active participation of both private and public sectors.

The GMD noted that out of 100 CDM project in Africa, Nigeria has six projects with two gas flaring reduction projects registered and four others under validation, adding that Nigeria ’s registered CDM projects accounts for about 33.8% of the African carbon emission reduction up to 2012.

He said curbing carbon dioxide emission remains the conventional answer to the challenge of global warning and the oil and gas industry had since realized that and was working towards it.

Barkindo added that in order to mitigate the impact of climate change, member nations of the Organisation of Petroleum Exporting Countries (OPEC) have long ago realized the dangers of over dependence monolithic economy of oil.

“We have been cautious in the management of our economies by veering into development of other sectors especially the agricultural sector,” Barkindo stated.
He further noted that climate change demands an international cooperation, based on a share understanding of long-term goals and agreement on framework of action.

The realization of the need to respond to climate change led to negotiation and subsequent adoption of the two treaties currently operating the climate change convention (CCC) and the Kyoto Protocol to which Nigeria is a signatory.He said the round table discussion was an opportunity for stakeholder to ponder and deliberate on the impact of climate change on oil exporting countries like Nigeria and explore the way forward.

Earlier in his address, minister of environment, mr John Odey called on governors of the 36 state of the federation to established climate round table in their various state to help create national awareness on the issue.

According to him, the round table became imperative as the issue of climate change is critical to our national sustainable development goals, the 7-point agenda of the president as well as the millennium development goals (MDGs).

The climate roundtable forum was a platform for stakeholders to identify, negotiate and take position on critical issues which are of interest to the nation as a run up to Copenhagen conference on climate change in December, this year.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.