The Role of Renewable Energies for Sustainable Energy Governance and Environmental Policies for the Mitigation of Climate Change in Nigeria

Abstract

In response to the escalating global challenges posed by climate change, this research investigates the role of renewable energies in shaping sustainable energy governance and environmental policies for climate change mitigation in Nigeria. The study underscores the pivotal relationship between renewable energies and governance structures, emphasizing the need for innovative policy approaches. In Nigeria, a country grappling with a surge in energy demand, particularly in densely populated urban areas, this research delves into the current state of renewable energy adoption, technological aspects, and the policy and regulatory frameworks governing its integration. The study scrutinizes the technological aspects of solar, wind, hydropower, and biomass energy in Nigeria, exploring advancements in solar photovoltaic, hydropower, bioenergy, and geothermal technologies. Additionally, it dissects the nation's policy landscape, assessing key initiatives such as the National Energy Policy, the National Policy and Guidelines on Renewable Electricity, and Feed-in Tariffs. Furthermore, the research examines the alignment of environmental policies with renewable energy goals, highlighting the importance of targets, incentives, and regulatory frameworks. It also scrutinizes incentives for sustainable practices in Nigeria, including investment tax credits, the Renewable Energy Development Fund, and concessional import duty rates for renewable equipment. The study assesses the impact of renewable energy initiatives in Nigeria, gauging investment trends, ongoing projects, and the effectiveness of policy frameworks. It also delves into the economic, social, and environmental co-benefits of renewable energy projects, emphasizing their role in job creation, investment attraction, and reduction in energy costs. Finally, the research evaluates the effectiveness of renewable energy initiatives in reducing the nation's carbon footprint and fostering environmental sustainability. It highlights progress in achieving climate change mitigation goals through increased renewable energy capacity, policy frameworks, and off-grid electrification initiatives.