GACN at COP27

The Gas aggregation company Nigeria (“GACN”) attended 27th Conference of Parties (the COP27), of the United Nations Framework Convention on Climate Change in International convention center Sharm el-Sheikh Egypt from November 10 through November 18, 2022. The events featured panels and discussions around components of a transformative energy future, challenges, and opportunities for just energy transitions. The conference was organized in collaboration with the Federal Ministry of Environment who are charged with outlining a course for decarbonizing the energy sector.

GACN represented by a team made up of Omosigho Egbon, Maryam Saleh, Oche Agbese, Olawale Olaluwoye and Mercy Akomolede, participated in the conference, and presented a paper titled “Gas as a Transition Fuel and its Progress in Supporting the Nation’s Energy Transition Plan Thus Far.” an event organized for the Energy Day, dedicated to dealing with all aspects of energy and climate change, including renewable energy and energy transformation, with a specific focus on just transition in the energy sector and green hydrogen as a potential energy source for the future.

The objectives of providing the combined benefit of reducing carbon dioxide emissions while also enhancing socioeconomic conditions and assisting in the accomplishment of the sustainable development goal, also the energy transition model, where it focuses on gas flare commercialization for the power sector, gas-based industries, the Auto gas initiative, and providing virtual solutions were highlighted and discussed.
The team also talked about its carbon trading and carbon offsetting solutions in collaboration with Pact Capital and AEONX solutions, with the aim to encourage and facilitate the much-needed transition and paradigm shift towards a low-carbon economy.

GACN in its quest to encourage and promote the energy transition is voluntarily offsetting its carbon emissions and plans to be carbon neutral in order to promote carbon neutrality.