This week, world leaders converged in Glasgow, Scotland to discuss the threats posed by climate change. They were concerned that it may cause the earth to vanish if caution was not taken. The many discoveries connected to Climate Change have led to the much-talked-about energy transition – a switch to other energy forms – which we will discuss in this article.
So what is this big deal about energy transition? Energy Transition is the understanding of encouraging societies and industries to switch from “fossil fuels” [your regular petrol-based products] to clean energy forms like solar, wind, biofuel, and water. Basically, it is saying our choice of “petroleum-based” energy choice will destroy the planet if we don’t switch. The earthquakes, hurricanes, drought, desertification, migration of cattle rearers in search of greenland, melting of ice, sea level rise, and unpredictable weather are all the signs we need to stop messing up our planet.
why should Energy Transition Matter to Nigerian Businesses?
- Environment Pollution
The health of entrepreneurs is essential for their businesses to grow better and impact. If elements as much as air is polluted then health is in jeopardy. This is why energy transition advocates want us to move away from fossil fuels. Fossil fuels are extracts from plants and animals that died millions and billions of years ago. We drill and mine them, then burn them for energy. They make our coal, shale, petroleum, bitumen, tar, and others. They are mostly the products we use for our engines, electricity, etc. And, they are polluting and releasing dangerous carbon emissions into the environment. The deadly pollution is messing up our environmental health and causing climate change and even impact weather and weather-dependent things like vegetation. Do you remember how herdsmen were moving around looking for grasses for their cattle? Yes, green land is disappearing too.
2. Climate Change will affect your business
Imagine watching a weather forecast and planning a physical meeting with that insight. Or the rain flooding your way to an important engagement. Entrepreneurs living in Lagos Nigeria are reminded that the coastal city gets flooded with the lightest shower. How is the weather becoming too hot and sometimes so unpredictable? Event planners must be worried too. Some parts of the world have witnessed wildfire outbreaks and even hurricanes and floods in coastal areas. Well, this is because our energy choice “oil & gas” (fossil fuels) is becoming deadly to our Earth.
3. No Future for Business
The world must slowly change and consider solar, wind, and other clean energies. Although, current reality shows that “clean” energy forms are not as stable in supply as our oil and gas fuel supplies. They mainly depend on the weather and its natural availability. Researchers are still working hard to see how to store and make this clean energy more stable.
For we here in Nigeria, the electricity generated has not been stable enough for us as a nation. We are still yet to enjoy 24/7 electricity. Now the world powers in the Conference of Parties Summit (COP26) are making promises to go fully clean soon in their choices of energy.
Nigeria itself, represented by President Buhari has promised to cut carbon emissions by 2060, United States by 2030, and India promises by 2070. Pacts like the Paris Agreements & the United Nations Framework Convention on Climate Change are making serious pledges. The popular goal is that greenhouse emissions are drastically dropped by 2030. This is just 29 years to go. Major power nations have also promised to raise funds for developing nations and help them afford renewable energy infrastructures.
4 Things You Should Know about Energy Transition as a Nigerian Business Owner
- Nigeria plans to cut down emissions by 2070.
While Nigeria plans to cut down emissions by 2070, we still ask serious questions. Will there be plans to ensure the energy transition is a better bet than the existing one? If electricity and general energy supply to power homes, engines, and businesses are still erratic today what assurances do 2070 hold?
2. The Nigerian Government started a Solar Programme
Solar is already creating an exciting opportunity in Nigeria. Many business owners are owning up to its market potential. As part of the Nigerian government’s COVID Recovery initiative, The Rural Electrification Energy Agency began plans to roll out solar to 25 million Nigerians through its Solar Power Naija Programme. Participants who meet the criteria are encouraged to apply.
3. Invest in Research
So will Nigeria embark on its own independent research on energy transition to develop a “Nigerianized model” that will cushion transition effects on society, business, and industry? Are there plans to also encourage citizens and businesses to use energy responsibly in the meantime?
4. Your Business Can Be Responsible too.
Profit will not matter if climate change sinks or scorches our planet to prehistoric times. As a Nigerian business owner are you educating yourself in sustainable energy practices that protect the environment? Make conscious efforts to reduce your emissions via engines, electric power generators, and cars. Very simple activities like choosing an online meeting or remote working instead of burning fuel can make an impact. Planting trees, taking public transport over private cars, generating your own power via solar, and buying old furniture can go a long way. You can also invest in educating your employees and staff on recycling, or learning creative ways to reuse what could have been “usually” discarded.
Nigeria, just like every other nation on earth is also experiencing the ecological threat of climate change, unpredictable weather circumstances, floods, and even threats from industrial activities. In the Niger Delta alone, fishing and farming are becoming very challenging enterprises. Farmers who depend on cattle rearing are migrating in search of greener pastures (literally). This in itself is causing several “herdsmen tensions.” Business owners in coastal areas must also confront heavy floods when there is a shower. Now we must reimagine the destinies and lives of people who depend on entrepreneurs in these areas. Climate change and environmental health are not “a foreign thing.” In 2021 alone, Lagos experienced many episodes of flooding. Even experts warn that the city might be eclipsed by flood if care is absent. It takes only a bad weather forecast to block civilians including business owners from doing what they love to do which is to grow better and make an impact.
At Persuasion network we do more than help Nigerian businesses attract customers online. We believe that every Nigerian business should have all the support services and tools they need to grow their businesses fast, empower their staff and make an impact.
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