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Nigeria International Energy Summit 2023

Energy Access, New Energies/Mix, Power & Innovation

Rethinking the Way We Power Our Lives, Economies and the World

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MIND THE GAP

Over 200 million people need energy in Nigeria
62% of the population lack access to electricity
Rural areas: low electrification rates
Millions lack access to modern and reliable energy services
Efforts vs Results: $2.3bn Siemens Power Project
Energy access gap hampers socio-economic development

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A FEW FACTS

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A FEW FACTS

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MARKET TRENDS -AUTOMOBILES

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Shift from reliance on fossil fuels to sustainable and low-carbon energy sources.
Aims to reduce greenhouse gas emissions and promote sustainable development.
Involves a combination of abilities, technologies, policies, finance, and resources.
Not a uniform process, may vary in different regions and countries.
Requires international and regional cooperation for sharing experiences and good practices.
Can create new jobs, stimulate economic growth, and yield social and health benefits.

DEFINING THE SUSTAINABLE ENERGY TRANSITION

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This presentation summarises the assessment and recommendations presented in the THEME REPORT ON ENERGY TRANSITION by the High level Dialogue on Energy convened by the SG in September 2021 and the actions required by the global community to deliver on for energy access and the transition required to get there.

It shows what is additionally required in order to stay on track to meet the goals of the Paris Agreement.

Over the next decade, every aspect of national energy systems will be affected by changes in climate and energy policy, and financing, continuous technological advancement, and shifts in energy supply and demand. The rapidly falling costs of renewable technologies have opened up previously unimagined possibilities across the globe. Ongoing developments in many countries offer a promising outlook for the security, inclusiveness, and sustainability inherent in a transformed energy sector.

However, the transition needs to speed up significantly and broaden its scope to

achieve SDG 7 and align with the goals of the Paris Agreement on climate change, while at the same time achieving implementation of the 2030 Agenda for Sustainable Development.

The energy transition can thus no longer be limited to incremental steps. It must become a transformational effort, a system overhaul, based on the rapid upscaling and implementation of all available technologies to innovate for the future.

This is the right moment to reassess long-standing assumptions, perceived barriers, and default decisions. The emerging energy system must promote resilient economies and societies for a more inclusive and equitable world. Ambitious and targeted actions are needed now and throughout the coming decades to ensure the goals of SDG7 are fulfilled and a decarbonized energy system achieved by 2050.

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THE ROAD TO ZERO

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UN Recommendations for Energy Access

Energy Access

Investment

Policy

Technologyinnovative solutions

Data

Human capital & Infrastructure

Tackle "last mile" of energy access

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Explore new investment options tailored to energy transition and access

Human Capital Development

Technology and Innovation)

Verifiable data collection through research

Collaboration

Policy

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RECOMMENDATIONS FOR ENERGY TRANSITION & ACCESS

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RECOMMENDATIONS FOR ENERGY TRANSITION

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Scale up renewable energy solutions 8000 GW by 2030,

Increase energy efficiency improvement rate from 0.8% to 3% annually,

Invest in physical infrastructure for energy transition,

OECD countries phase out coal by 2030, non-OECD countries by 2040

Integrate energy policies into economic, industrial, labor, education, and social strategies

Establish medium and long-term integrated energy planning strategies,

Create regional energy markets

Strengthen international cooperation on energy transition to meet SDG goals

Develop sustainable transport roadmaps

Tailor labor and social protection policies to regional needs

Make energy transition participatory, engaging all actors

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Intra Africa Collaboration Energy Transition

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Explore Cross-Sector Collaboration

We must develop cooperations across governments, companies, and consumers to amplify the collaboration and resource pooling as stakeholders from across the entire value chain are mobilized to co-create solutions.

Research and Development (R&D) Partnerships

Fostering strategic R&D partnerships between private companies and leading research institutes helps translate academic research into real-world applications.

Support to the CleanTech Innovation Ecosystem

Start-ups often struggle with business development, financing and market access. In light of these challenges, there is a need for programmes to help innovators finetune their business models and growth plans, raise capital, and access buyers for their solutions.

Tracking Progress and Commitments

We must keep an eye on the commitments made to the SDGs through the era of ET. Tracking these commitments helps stakeholders to appreciate the impact of ET and achieve the set goals

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ENERGY TRANSITION: THE ROLE OF UNIDO

UNIDO collaborates globally with partners to support industries in their transition towards net zero emissions and a more sustainable, low-carbon future. By collaborating with partners, we leverage our experience to drive clean energy initiatives that contribute to global efforts in combating climate change and achieving a sustainable, low-carbon future through:

Collaboration with partners to support industries in transitioning towards net zero emissions and a more sustainable, low-carbon future.
Technical assistance to identify, evaluate, and implement clean energy technologies and practices.
Capacity building and training programs to enhance skills and knowledge in clean energy technologies and emissions reduction.
Technology transfer and innovation to help industries adopt cleaner and more sustainable practices.
Assistance in policy development and implementation for clean energy adoption.
Support in accessing financing mechanisms for clean energy projects, such as green financing and climate funds.
Demonstration projects and pilot initiatives to showcase the feasibility and benefits of clean energy technologies.
Facilitation of cooperation for knowledge exchange and technical cooperation among countries with advanced clean energy technologies.

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COLLABORATIVE PARTNERSHIP

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Government

Regulators, Agencies, Departments

Private Sector

Oil and Gas Producers, Midstream Players, Downstream Players

MFIs, DFIs, VCs, Commercial and Development Banks, Funding Partnerships etc

Technology

Research

Startups

Think Tanks

Advocates

Communities of Experts

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OUR BUILDING BLOCKS FOR ENERGY ACCESS

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Source: EMF_Africa_Policy_Final

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Reinforcing the enabling policy and regulatory frameworks	Enhancing social-economic inclusiveness of energy access	Aligning the costs, reliability, quality, & affordability of energy services	Catalyzing, harnessing, & redirecting energy-access financing to the degree needed

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Rethinking the Way We �Power Our Lives, Economies, �and the World??

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Nigerian Energy Access Practitioner Network: to drive faster action towards the achievement of access to affordable, reliable, sustainable and modern energy for all, in line with the Paris Agreement on climate

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