Damilola Ogunbiyi: Keynote speech from the Berlin Energy Transition Dialogue

Damilola Ogunbiyi's keynote speech at the 9th Berlin Energy Transition Dialogue emphasizes the critical need for equitable financing and industrialization in the Global South. She highlights the severe disparity in renewable energy investment, noting that Sub-Saharan Africa received less than 1.5% of global investment between 2000 and 2020. To address this, she promotes the Africa Carbon Markets Initiative (ACMI) to generate carbon credits and revenue, and the Renewable Energy Manufacturing Initiative (REMI) to foster green industry in Africa and Asia. Ogunbiyi advocates for whole-economy energy transition plans (ETPs), citing Nigeria's plan which estimates a cost of USD 1.9 trillion to reach net-zero by 2060.

• There is a significant disparity in renewable energy financing between developed and developing regions; 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 with targets to produce 300 million carbon credits and unlock 6 billion in revenue by 2030, increasing to 1.5 billion credits and over 120 billion in revenue by 2050.
• The Renewable Energy Manufacturing Initiative (REMI) focuses on establishing green industry in Africa and Asia, specifically targeting the manufacturing of electric 2 wheelers, lithium-ion batteries, and solar PV to move the continent beyond an extractive model.
• Whole-economy energy transition plans (ETPs) are essential for delivering clean energy and attracting investment; for example, Nigeria's ETP estimates a total cost of USD 1.9 trillion to achieve net-zero by 2060, with USD 410 billion exceeding 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} }