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Nigeria produces 71% Carbon dioxide emission, ranked 25th globally

Nigeria produces 71% Carbon dioxide emission, ranked 25th globally
By Editor

With the producion of 6,491 metric tonnes of carbon dioxide in 28 years, Nigeria is the 25th of the 100 countries increasing fossil fuel emission globally.

Nigeria has overtaken Venezuela, which is now ranked 26, according to the 2016 Carbon Majors Report, published by the CDP in collaboration with the Climate Accountability Institute.

The report stated that more than half of global industrial emissions since 1988 could be traceable to only 25 corporate and state-owned companies for which the Nigerian National Petroleum Corporation (NNPC) is responsible for 71 per cent of global industrial greenhouse gas emissions since 1988.

The new report said the contribution of fossil fuels to global warming had doubled, with 833 gigatonnes (Gt CO2e) of carbon dioxide-equivalent emitted in past 28, compared with 820Gt CO2e in the 237 years, covering the birth of industrial revolution.

According to the report, fossil fuels are the largest source of anti greenhouse gas emissions in the world.

It said the fossil fuel industry and its products accounted for 91 per cent of global industrial GHGs in 2015, and over 70 per cent of all anthropogenic GHG emissions.

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China , through use of coal topped the list; followed by Saudi Arabian Oil Company, Russia’s Gazprom and National Iranian Oil Company.

ExxonMobil, Shell, BP and Chevron were also named among the highest emitting investor-owned companies since 1988.

The report further states: “If fossil fuels continue to be extracted at the same rate over the next 28 years as they were between 1988 and 2017, global average temperatures would be on course to rise by 4C by the end of the century.

“This is likely to have catastrophic consequences including substantial species extinction and global food scarcity risks.”

Said the Technical Director at the CDP, Pedro Faria, “Climate action is no longer confined to the direction given by policymakers; it is now a social movement, commanded by both economic and ethical imperatives and supported by growing amount of data. Those that ignore this reality do so at their own peril.”

“They owe it to the millions of clients they serve that are already feeling the effects of climate change, and to the many millions more that require energy for the comfort of their daily lives but are looking for alternatives to their products,” he said.

 

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We are an online newspaper, very passionate about Nigerian politics, business and its leaders. We dig deeper, without borders and without fears.