232
C. N. Nwedu
ignored.
2 There is, however, a growing shift from over-reliance on fossil
fuels-oriented economies to very low-carbon economies as a remarkable
development worldwide. This development recognized as energy transition and defined as a structural move from the production and use of
predominant energy sources and technologies to more energy sources,
3
is now at the mainstream national, regional and international policy
agendas.
Essentially shaped by ‘socio-economic development, technological
innovation, and policies’,
4 energy transition has provided most countries with potential opportunities to promote energy security, mitigate
climate change, and foster sustainability-related goals. Most of it all, it
is perceived as a promising solution with pathways to fast-track fossil
fuel decarbonization, using new regulation and policy-based new technologies and business models. Thus, if it is increasing decarbonization
of the energy systems,
5 and support for utilizing cleaner and affordable renewable energy sources (RES) such as wind, hydro, biomass and
solar. Likewise, advancement in technologies has sufficed to support
carbon capture, floating solar photovoltaic, electric cars, hydrogen fuels
for refining oils, and bio-refineries for processing quality-based biofuels.
The development is also accompanied by a paradigm transition in energy
governance and has been mainly spurred by declining social and political
acceptance of fossil fuels.
The idea of energy transition supporting energy security is beginning
to attract attention and support in Nigeria. This is true given existing
ambitious government policy objectives aimed at power generation from
renewables. Nigeria’s renewable energy transition efforts are, however,
2 Nalule, V. R., Transitioning to a Low Carbon Economy: Is Africa Ready to Bid Farewell
to Fossil Fuels? In The Palgrave Handbook of Managing Fossil Fuels and Energy Transitions
(pp. 261–286) (Cham: Palgrave Macmillan, 2020).
3 Frauke Urban, ‘Sustainable Energy for Developing Countries: Modeling Transitions to Renewable and Clean Energy in Rapidly Developing Countries’ (Doctoral thesis, University of
Groningen 2009).
4 Ahmad O. AI Khowaiter and Yasser M. Mufti, ‘An Alternative Energy Transition Pathway
Enabled by the Oil and Gas Industry’ (2020) OIES Paper 121, Oxford University.
5 Kathleen J. Hancock and Vlado Vivoda, ‘International Political Economy: A Field Born of
the OPEC Crisis Returns to Its Energy Roots’ (2014) 1 Energy Research & Social Science,
206–216.
C. N. Nwedu
ignored.
2 There is, however, a growing shift from over-reliance on fossil
fuels-oriented economies to very low-carbon economies as a remarkable
development worldwide. This development recognized as energy transition and defined as a structural move from the production and use of
predominant energy sources and technologies to more energy sources,
3
is now at the mainstream national, regional and international policy
agendas.
Essentially shaped by ‘socio-economic development, technological
innovation, and policies’,
4 energy transition has provided most countries with potential opportunities to promote energy security, mitigate
climate change, and foster sustainability-related goals. Most of it all, it
is perceived as a promising solution with pathways to fast-track fossil
fuel decarbonization, using new regulation and policy-based new technologies and business models. Thus, if it is increasing decarbonization
of the energy systems,
5 and support for utilizing cleaner and affordable renewable energy sources (RES) such as wind, hydro, biomass and
solar. Likewise, advancement in technologies has sufficed to support
carbon capture, floating solar photovoltaic, electric cars, hydrogen fuels
for refining oils, and bio-refineries for processing quality-based biofuels.
The development is also accompanied by a paradigm transition in energy
governance and has been mainly spurred by declining social and political
acceptance of fossil fuels.
The idea of energy transition supporting energy security is beginning
to attract attention and support in Nigeria. This is true given existing
ambitious government policy objectives aimed at power generation from
renewables. Nigeria’s renewable energy transition efforts are, however,
2 Nalule, V. R., Transitioning to a Low Carbon Economy: Is Africa Ready to Bid Farewell
to Fossil Fuels? In The Palgrave Handbook of Managing Fossil Fuels and Energy Transitions
(pp. 261–286) (Cham: Palgrave Macmillan, 2020).
3 Frauke Urban, ‘Sustainable Energy for Developing Countries: Modeling Transitions to Renewable and Clean Energy in Rapidly Developing Countries’ (Doctoral thesis, University of
Groningen 2009).
4 Ahmad O. AI Khowaiter and Yasser M. Mufti, ‘An Alternative Energy Transition Pathway
Enabled by the Oil and Gas Industry’ (2020) OIES Paper 121, Oxford University.
5 Kathleen J. Hancock and Vlado Vivoda, ‘International Political Economy: A Field Born of
the OPEC Crisis Returns to Its Energy Roots’ (2014) 1 Energy Research & Social Science,
206–216.