UN General Assembly
2022

At the twenty-sixth Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change, held in Glasgow last year, I said that Nigeria was not asking for permission to make the same mistakes that others have made in creating the climate emergency. Fortunately, we now know what we can do to mitigate the effects of the climate crisis and the related energy challenges. As a first step, we must all commit to releasing the financing and the technology for creating a stable and affordable framework for energy transmission. Financial development institutions must prioritize de-risking energy projects to improve renewable projects’ access to credit facilities. No country should be left behind in that area. The skyrocketing energy costs worldwide are in part the product of conflict and supply disruptions to Europe and the Americas, yet we are all paying the price. It is therefore our expectation that the seventy- seventh session of the General Assembly and the upcoming COP 27 will help galvanize the political will required to drive action towards fulfilling the various existing climate change initiatives.