The 27th session of the Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change (UNFCCC) brought together world leaders to discuss issues related to climate change, with a focus on food security, water security, climate finance, energy security, vulnerable communities, and the need for a “just transition” away from fossil fuels. One important item on the agenda was the creation of a global fund to provide financial assistance to poorer nations impacted by climate disasters.
This article discusses the global view on fossil fuels as discussed at COP27 and examines Nigeria’s position in relation to implementing the Nigerian Energy Transition Plan (ETP).