NIGERIA TO REQUIRE LOW CARBON EMISSIONS FOR OIL LICENCE APPLICANTS

Starting January 1, 2025, Nigeria mandates that oil licence and permit applicants demonstrate low carbon emissions and incorporate renewable energy programs before approvals are granted.

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This policy aligns with Nigeria’s goal of net-zero carbon emissions by 2060

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The Nigerian Upstream Petroleum Regulatory Commission has issued the Upstream Petroleum Decarbonisation Template (UPDT) to guide applicants.

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The initiative emphasizes integrating energy-efficient technologies, implementing methane management programs, and incorporating renewable energy sources into projects to ensure sustainable value creation, energy security, and economic development in alignment with national and international climate goals.