COP31: Experts urge NNPC to balance oil revenue, energy transition
At COP31, energy experts urged the Nigerian National Petroleum Company to balance its commercial interests with Nigeria’s long-term energy transition goals Read More: https://punchng.com/cop31-experts-urge-nnpc-to-balance-oil-revenue-energy-transition/
The Nigerian National Petroleum Company Limited (NNPCL) was urged to balance its commercial interests with Nigeria's long-term economic priorities during COP31, as the global shift towards cleaner energy threatens the future of fossil fuel investments. Experts warned that decisions on whether to expand oil and gas investments, diversify into renewables, or gradually withdraw from fossil fuels could have significant implications on government revenue, employment, energy security, and the wider economy.
The session, titled 'The Role of NNPC in Nigeria’s Energy Transition,' was organized by various research centers and moderated by the Nigeria Country Manager of the Natural Resource Governance Institute.
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