January 24, 2022
As observed by the International Energy Agency’s most recent World Energy Outlook, the Covid-19 crisis has underlined the importance of a reliable, affordable and secure electricity supply that is able to accommodate sudden changes in behaviour and economic activity, while continuing to support vital services. The electricity sector will play a key role in supporting economic recovery, and an increasingly important long-term role in providing the energy that the world needs, as it evolves into a system with lower CO2 emissions and enhanced flexibility.
This blog focuses on the legal and institutional framework for Marine Renewable Energy development in Nigeria. The blog examines Nigeria’s MRE potentials and how their maximization will assist Nigeria meet her climate change mitigation obligation under international climate regime. It further examines the possible impacts of exploring MRE sources in Nigeria and how this venture may co-exist with already existing uses of the sea and natural oceanic environment so as not to entirely alter the bio-diversity of the marine environment. It also examines emerging issues with MRE development in Nigeria. Finally, it makes suggestions on how Nigeria can develop an MRE legal framework that can balance all the competing interests.
The involvement of the private sector in this effort ‘cannot be overemphasised’. Such engagement however, requires appropriate legal and institutional infrastructure. It must be monitored; it must be properly designed, and above all, it must be inclusive to ensure sustainability. The authors of the following posts will highlight some of the elements that are necessary for achieving this delicate balance.