Carbon Financing for Clean Cooking Solutions in Nigeria– Status and Opportunities

Carbon Financing for Clean Cooking Solutions in Nigeria– Status and Opportunities


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Organized by Nigerian Alliance for Clean Cooking (NACC)

On Tuesday, July 25, 2023, at 2.00 pm (WAT)

 

 

Panelist include:

  • Simba Mudimbu, Senior Portfolio Manager, Ventures Programs, Clean Cooking Alliance
  • Tim Neville, Chief Operating Officer, Impact Carbon Ltd
  • Toyin Oshaniwa, Carbon Operations Lead, UP Energy Group
  • Uwem Useh, Head of Mitigation Unit, Department of Climate Change, Federal Ministry of Environment
  • Asmau Jibril, Carbon Finance Lead, National Council on Climate Change

Moderator

Ewah Eleri, Executive Director, ICEED and Chairman, BOT, Nigerian Alliance for Clean Cooking

 

Background

Emission from cooking represents about 55 million metric tonnes of CO2e and about 700,000 metric tonnes of PM2.5 emissions. There is an increasing global demand for a transition to carbon-neutral cooking solutions. A net zero carbon world demands that we mobilize all available resources and efforts to address the challenges of climate change and clean energy access. Clean cooking has a major role to play.

Nigeria joined other countries and launched the Energy Transition Plan (ETP) as a strategy to reach a net-zero emissions by 2060. The Nigeria’s Nationally Determined Contribution (NDC) also seeks to reduce emission through the promotion of clean cooking. It has a clean cooking target of 48 % of population (26.8 million households) using LPG by 2030; and13 % (7.3 million households) using improved cookstoves by 2030. Clean cooking energy for all is not only possible but a right for all citizens.

In several countries, carbon offsetting plays a key role in meeting the Paris Climate Agreement objectives and contributing toward the UN Sustainable Development Goals. Access to carbon finance has helped in lowering the retail cost of clean cooking solutions. Under the defunct CDM, projects obtained CERs – or carbon credits for over ten or twenty-one-year periods. A regular Jiko with Tier 2 standard could deliver about three CERs, often sufficient to pay for the total cost of distribution and retailing of these stoves. By paying the total or partial cost of these stoves, poorer households are able to transit to cleaner cooking. While the financing framework for the Paris Agreement is yet to be finalized, project developers are using Gold Standard and bilateral carbon financing deals.

Actors in the carbon market are showing remarkable interest in Nigeria. Some organisations such as Envirofit Nigeria, Atmosfair, Impact Carbon, UpEnergy Group, among others are developing carbon assets from the Nigeria clean cooking industry.

This meeting aims to explore the status and opportunities of carbon financing in Nigeria. It will bring together key actors both nationally and internationally to discuss various perspectives of using carbon financing to lower the cost of clean cooking solutions. It will further discuss how Nigeria can use this financing mechanism to expand access to clean cooking technologies and fuels for the poorest.

Panelist Profile

Simba Mudimbu, Senior Portfolio Manager, Ventures Programs, Clean Cooking Alliance

Simba is a Senior Portfolio Manager in the Market Strengthening team at CCA. He manages a sub-Saharan Africa focussed company portfolio within the Venture Catalyst (VC) program. The VC program provides enterprise-level support to companies across the clean cooking value chain with the aim of enabling impact and financial returns at scale and driving more private sector investment into the sector. Prior to joining CCA Simba was an investment manager at LifeCo UnLtd Investments, an ‘impact first’ investment and enterprise development firm in South Africa. His previous work experience includes various roles in in banking, management consulting, and impact investing sectors over the last 14 years having started his career with Barclays Investment Bank in London. Simba holds an MPhil in Development Finance (Cum Laude) from the University of Stellenbosch in South Africa, an MSc in Finance and a bachelor’s degree in International Business, Finance and Economics from the University of Manchester in the UK. He is based in Johannesburg.

 

Tim Neville, Chief Operating Officer, Impact Carbon Ltd

Tim is a social business specialist with experience in both the private and nonprofit sectors. His skills include market and product development, distribution, social marketing, project design, fundraising (grant, equity and debt), and strategic planning and implementation. He has served as Chief of Party on several bilateral development projects and has launched social-impact products in multiple countries.

 

Toyin Oshaniwa, Carbon Operations Lead, UP Energy Group

Toyin Oshaniwa is an environmental, sustainability and developmental consultant and researcher. He is the founding Executive Director of Nature Cares Resource Centre (NCRC- Environmental Education NGO), currently serves as Carbon Operations Lead for UpEnergyGroup in Nigeria, DRC and Tanzania. He has also served as Nigeria Country Manager for Atmosfair gGmbH and Lagos State West Africa Network for Peace Building (WANEP) Coordinator.

He holds a master’s degree in Agricultural Geography from University of Lagos; Professional Leadership MBA Fellowship in Sustainability Management from Leuphana University Luneburg, Germany. He also holds certificates from the European Energy Centre: Galileo Master Certificate in Carbon Management and Renewable Energy Management and Finance, Edinburgh Napier University, UK and Advance Professional Training (Management and Renewable Energies) University of Applied Management, Erding, Germany.

Toyin is an advocate for knowledge development, sustainable environment and development, through an environmental education lens. He has a multidisciplinary program and partnerships with diverse skill sets, keen interest in applied research, and backgrounds in climate change, renewable energy & energy efficiency, environmental sustainability, clean cooking, ecosystem services, biodiversity and wetland management, carbon projects, sustainable communities, community energy, conflict management.

Toyin is also contributing to policies, projects and efforts of organisations such as Heinrich Boll Foundation,SAVI/DFID, and Lagos State Ministry of the Environment, (Nigeria); RGU (Aberdeen), UNESCO-UNEVOC (Bonn), D60 Architecktur and Energie (Germany), GNDR, BFFP. He is a member of the Institute of Biology (IOB); EBAFOSA- Ecosystems Based Adaptation for Food Security Assembly and International Society of Sustainability Professionals (ISSP).

He is a MTN-ARDIC Award Winner (2019), EOA Research Grant Award Winner (2019), Commonwealth Professional Fellow (2014), European Energy Centre Scholarship Winner (2014), GIZ Fellow (2012), Inwent Fellow (2010), German Academic Exchange Service Winner (DAAD 2015, 2016, 2018) and Finalist for Atlas Fellowship USA 2013 & Semi-Finalist Gramee Fellowship 2011.

 

Suraj Wahab Ologburo, Chief Executive Officer of Toyola Energy Group

Suraj Wahab Olugburo has been a leading advocate for energy-efficient cookstoves in West Africa since 2003. Under his leadership, Toyola Energy has expanded from Ghana to Nigeria, Togo, Benin, Senegal and several other African countries, demonstrating a commitment to clean cooking solutions.

Toyola’s innovative use of carbon finance has been key in promoting clean cooking. As early as 2009, Toyola implemented one of the first cookstove carbon offset project registered by the Gold Standard in Ghana and afterwards managed the Clean Development Mechanism (CDM) PoA that promote efficient cookstoves in multiple West African countries.

His work has earned global recognition, including the Ashden International Gold Award for Sustainability in 2011 and being voted Africa’s leading Energy personality. Toyola’s achievements have been featured in international media outlets like BBC, Time, Newsweek, and National Geographic,among others.

 

Uwem Useh, Head of Mitigation Unit, Department of Climate Change, Federal Ministry of Environment

Sir Uwem Jonah Useh is an Assistant Director, Department of Climate Change in the Federal Ministry of Environment. He is an embodiment of selfless and dedicated leadership as well as a most visionary and dynamic Technocrat. He holds BSc. in Biochemistry, MSc. in Environmental Resources Management and Ph.D Environmental Resources Management in view. He started his career as a Community Development Officer immediately after his NYSC in 2001. During this time, he recorded landmark achievements such as: Establishment of two NGOs, as well as Publication of four text books and six scientific journals.

At various times, he worked at the following places: Akwa Ibom State Environmental Protection Agency – Student’s Industrial Work, Office of the Special Adviser, Women Affairs (NYSC), National Action Committee on AIDS (Ad-hoc Staff), Association of Nigerian Youth Against HIV/AIDS, National Poverty Eradication Programme (NAPEP) Presidency, Federal Ministry of Science and Technology, Abuja, Nigeria and Ecological Fund Office in the Presidency. Presently, he is working with the Federal Ministry of Environment, Abuja, Nigeria as an Assistant Director and the Head of Mitigation Division in the Department of Climate Change.

 

Bernadatte Ejiofor, Assistant Chief Scientific officer, National Council on Climate Change.

 

 

Moderator Profile

Ewah Eleri, Executive Director, International Centre for Energy, Environment & Development (ICEED) and Chairman, Board of Trustee of Nigerian Alliance for Clean Cooking (NACC)

Ewah is the Executive Director, International Centre for Energy, Environment & Development – Nigeria’s leading Think Tank on clean energy and climate change. He has worked on energy and environment reform issues in several African countries. Ewah has specialised in economic and policy issues associated with market expansion of renewable energy services. He has over the past 30 years been consulting for the World Bank, European Union, USAID, DFID, the Governments of Canada, Norway, and the Federal Government of Nigeria. He was the Lead Author of Nigeria’s Renewable Energy Master Plan – the Federal Government’s 20-year Renewable Energy Investment Framework as well as the Federal Ministry of Environment’s Environment Sector Strategic Plan 2015 -2020. He led the team supporting the integration of clean cooking into the Federal Government of Nigeria’s revised Nationally Determined Contribution to the Paris Climate Agreement. Ewah has policy level networks in Nigeria.

 


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