Damilola Ogunbiyi: Keynote speech from the Berlin Energy Transition Dialogue

Damilola Ogunbiyi delivered a keynote speech at the 9th Berlin Energy Transition Dialogue on March 28, 2023, emphasizing that a global transition to net zero is impossible without the inclusion of Africa and addressing the severe disparity in renewable energy financing for developing nations.

• There is a significant imbalance in global renewable energy investment; while global investment hit a record USD 0.5 trillion in 2022, this is less than 40% of the annual investment required between 2021 and 2030 to meet sustainable development goals and limit warming to 1.5°C. Specifically, Sub-Saharan Africa received less than 1.5% of global renewable energy investments between 2000 and 2020, despite representing nearly 15% of the world's population.
• The Africa Carbon Markets Initiative (ACMI), launched at COP27, aims to utilize carbon finance to drive climate ambitions. Its targets include producing 300 million carbon credits annually by 2030 (increasing to 1.5 billion by 2050), unlocking USD 6 billion in revenue by 2030 (over USD 120 billion by 2050), and supporting 30 million jobs by 2030 (over 110 million by 2050).
• Sustainable Energy for All has launched the Renewable Energy Manufacturing Initiative (REMI) for Africa and Asia to shift the perception of the African continent from being purely extractive to one that adds value through the manufacturing of electric 2 wheelers, lithium-ion batteries, and solar PV.
• Whole-economy energy transition plans (ETPs) are identified as critical tools for delivering clean energy and attracting investment. For example, Nigeria's ETP estimates a cost of USD 1.9 trillion to reach net-zero by 2060, with USD 410 billion of that amount being above business-as-usual spending.

APA

Ogunbiyi, D. (2023). Damilola Ogunbiyi: Keynote speech from the Berlin Energy Transition Dialogue. Sustainable Energy for All. https://www.seforall.org/news/damilola-ogunbiyi-keynote-speech-from-the-berlin-energy-transition-dialogue

Chicago

Ogunbiyi, Damilola. Damilola Ogunbiyi: Keynote speech from the Berlin Energy Transition Dialogue. Sustainable Energy for All, 2023. https://www.seforall.org/news/damilola-ogunbiyi-keynote-speech-from-the-berlin-energy-transition-dialogue.

Wikipedia

{{cite press release |last1=Ogunbiyi |first1=Damilola |title=Damilola Ogunbiyi: Keynote speech from the Berlin Energy Transition Dialogue |publisher=Sustainable Energy for All |date=31 March 2023 |url=https://www.seforall.org/news/damilola-ogunbiyi-keynote-speech-from-the-berlin-energy-transition-dialogue |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{ogunbiyi2023damilola, author = {Ogunbiyi, Damilola}, title = {{Damilola Ogunbiyi: Keynote speech from the Berlin Energy Transition Dialogue}}, publisher = {Sustainable Energy for All}, year = {2023}, month = mar, url = {https://www.seforall.org/news/damilola-ogunbiyi-keynote-speech-from-the-berlin-energy-transition-dialogue}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }