Politics of Energy Transitions: A decade after Nigeria's biofuels crusade, a tale of non‐commercialization and lost opportunities

Osunmuyiwa, Olufolahan

doi:10.1002/eet.1783

Cited by 5 publications

(5 citation statements)

References 30 publications

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“…Over the past two decades, Nigerian authorities have introduced several policies and regulations targeted at creating a conducive financing environment for renewables deployment. However, it is widely acknowledged that such efforts have achieved limited success [18,35]. Figure 4 provides a timeline of key energy policies that shaped the RE financing environment in Nigeria.…”

Section: Financing Environment For Renewable Energy Nigeria's Financi...mentioning

confidence: 99%

Financing renewable energy: policy insights from Brazil and Nigeria

et al. 2023

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Background Achieving climate targets will require a rapid transition to clean energy. However, renewable energy (RE) firms face financial, policy, and economic barriers to mobilizing sufficient investment in low-carbon technologies, especially in low- and middle-income countries. Here, we analyze the challenges and successes of financing the energy transition in Nigeria and Brazil using three empirically grounded levers: financing environments, channels, and instruments. Results While Brazil has leveraged innovative policy instruments to mobilize large-scale investment in RE, policy uncertainty and weak financing mechanisms have hindered RE investments in Nigeria. Specifically, Brazil’s energy transition has been driven by catalytic finance from the Brazilian Development Bank (BNDES). In contrast, bilateral agencies and multilateral development banks (MDBs) have been the largest financiers of renewables in Nigeria. Policy instruments and public–private partnerships need to be redesigned to attract finance and scale market opportunities for RE project developers in Nigeria. Conclusions We conclude that robust policy frameworks, a dynamic public bank, strategic deployment of blended finance, and diversification of financing instruments would be essential to accelerate RE investment in Nigeria. Considering the crucial role of donors and MDBs in Nigeria, we propose a multi-stakeholder model to consolidate climate finance and facilitate the country’s energy transition.

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Section: Financing Environment For Renewable Energy Nigeria's Financi...mentioning

confidence: 99%

Financing renewable energy: policy insights from Brazil and Nigeria

et al. 2023

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“…This means that the new agricultural practice is able to facilitate the energy transition with evident benefits for climate change mitigation. Generally, as biofuel production is thought to be an instrument towards energy transition [61][62][63], this means that the success of implementation of this instrument strongly depends on the mode of agricultural development. In other words, agriculture plays a critical role for achievement of the energy transition in regard to biofuels and the relevant policies.…”

Section: Relevance To Energy Transitionmentioning

confidence: 99%

Climate Change, Agriculture, and Energy Transition: What Do the Thirty Most-Cited Articles Tell Us?

et al. 2020

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The thirty journal articles dealing with the relationship between climate change and agriculture (the latter is treated in general, i.e., as an industry) and which have gained >1000 citations are thought to be sources of the most precious information on the noted relationship. They were published between 1994 and 2011. Many are authored by West European and North American experts. The most-cited articles are attributed to three major themes and eight particular topics, and the best-explored topic is the influence of climate change on agriculture. Moreover, they provide some essential information about the strong relation of both agriculture and climate change to energy transition. The general frame characterizing complex interactions of climate change and agriculture development is proposed on the basis of the most-cited works, but it needs further detail, improvement, and update. The considered articles are basic sources with historical importance.

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“…Energy plays a major part in the process of development of any nation as its cost directly affects the prices of goods and services [28,29]. Nigeria with a population of about 200 million people and about 12 million vehicles plying its roads is a major consumer of energy [30]. Therefore, the availability of adequate, affordable and reliable energy services with the least harmful effect on the environment is crucial to the country which is struggling to provide its present energy demands [31].…”

Section: Introductionmentioning

confidence: 99%

“…With agriculture as a source of employment for a considerable proportion of the population, Nigeria can be regarded as an agrarian economy [30]. People in rural areas of the country are mostly farmers and agriculture contributed about 22 % to the gross domestic product (GDP) of the country in 2019 [34].…”

Section: Introductionmentioning

confidence: 99%

Towards Commercialization of Third‐Generation Biofuel Industry for Sustainable Energy Production in Nigeria

Shiru

2021

ChemBioEng Reviews

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Due to the potential depletion of fossil fuels and the need for the shift from its use to combat the aggravated impacts of climate change, the unsustainable use of these conventional fuels has been widely recognized. This has prompted commercialization of biofuels as an alternative sustainable fuel. This study summarizes the potential of third-generation biomass feedstocks, algae, for biofuel production on the example of Nigeria, where most biofuel plants still use first-and second-generation feedstocks, which have led to food and land mass competition. It is shown that the production and consumption of third-generation biofuel is at its infancy in the coun-try. It was also found that the climatic conditions in Nigeria are conducive for the cultivation of microalgae, which are the primary sources of the third-generation biofuel, even though there are barriers such as inadequate reliable resource database for investment decisions and technical expertise to develop and deploy biofuels in commercial form. The large population of Nigeria is a potential market for biofuel, therefore, commercialization of the third-generation biofuel can be a viable alternative energy source to conventional fossil fuels and it can generate employment for many in the country.

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Politics of Energy Transitions: A decade after Nigeria's biofuels crusade, a tale of non‐commercialization and lost opportunities

Cited by 5 publications

References 30 publications

Financing renewable energy: policy insights from Brazil and Nigeria

Financing renewable energy: policy insights from Brazil and Nigeria

Climate Change, Agriculture, and Energy Transition: What Do the Thirty Most-Cited Articles Tell Us?

Towards Commercialization of Third‐Generation Biofuel Industry for Sustainable Energy Production in Nigeria

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