Sputnik brings you all the most recent information, major events, heroes and views, including breaking news, images, videos, analyses, and features.

Nigeria Mandates Low-Carbon Emissions for New Oil Licenses

13:28, 1 January 2025

Muhammad Nooh Osman

Writer/Editor

All materials

Nigeria has set a target to achieve net-zero greenhouse gas emissions by 2060. This commitment was made at COP26 in Glasgow and is part of Nigeria's broader climate change strategy. The country has also passed the Climate Change Act in 2021, which provides a framework for achieving low greenhouse gas emissions and sustainable growth.

Sputnik

Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) announced that, effective January 1, 2025, all applicants for oil licenses and permits must demonstrate a commitment to low-carbon emissions and renewable energy.

The new policy, guided by a newly released Upstream Petroleum Decarbonization Template (UPDT), aligns with Africa's largest oil producer's net-zero emissions target of 2060.

"By this, the commission is deepening its efforts to align the upstream petroleum industry with national priorities and international climate goals while ensuring sustainable value creation from oil and gas resources for Nigeria's energy security and economic development," NUPRC Chief Executive Gbenga Komolafe stated.

Sub-Saharan Africa

Nigeria's Warri Refinery Partially Resumes Operations After Decade-Long Shutdown

31 December 2024, 09:34

Applicants will be required to provide evidence of methane management programs (including leak detection and repair), energy-efficient technologies, and the integration of renewable energy sources into their projects.