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Visa Moves To Achieve Net-zero Emissions By 2040

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Visa, a leading global payments technology company, said it is committed to reach net-zero emissions by 2040, and that the company achieved carbon neutrality across its operations in 2020.

Visa also outlined plans to become a climate positive company through new partnerships and expanded initiatives to support sustainable commerce and the transition to a low-carbon economy beyond the company’s own footprint.

 Chairman and chief executive officer of Visa, Al Kelly said, Visa is committed to creating a more sustainable future. “Our new net-zero commitment and enhanced efforts across our network in support of sustainable initiatives are immediate ways we will achieve our goals to help build a better future for our planet.”

As part of the commitment to reach net-zero emissions by 2040, Visa announced it is a new signatory of The Climate Pledge, an initiative co-founded by Amazon and Global Optimism, as well as a new member of the Climate Business Network, a World Wildlife Fund (WWF) initiative to accelerate action toward a net-zero future.

 Visa’s net-zero commitment is aligned with emerging global standards and definitions and will include efforts with suppliers to abate a significant portion of the greenhouse gas footprint of the company’s purchased goods and services. 

Visa also has committed to set science-based targets through the Science Based Target initiative at the 1.5 degree Celsius ambition level. These new commitments join Visa’s existing sustainability leadership, including its transition to 100 percent renewable electricity usage in 2020.

Visa said it is expanding its initiatives to use its products, services, network, data, payments expertise and brand to support sustainable commerce and the transition to a low-carbon economy. 

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NASENI and REA To Deploy Renewable Technologies for Rural Areas in Nigeria 

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The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI Solar resources and other renewable energy technologies, to increase electricity supply to Nigeria’s rural areas.

This commitment was the outcome of discussions between the two chief executives in Abuja recently when the EVC/CEO of NASENI visited the Rural Electrification Agency (REA) office as part of his efforts to engage with stakeholders to promote the adoption of NASENI’s technologies.  

Mr. Halilu, who assumed office two weeks ago as NASENI’s chief executive, said, “The focus is to hit the ground running by nurturing effective collaborations with the right stakeholders who will assist NASENI to fulfil its mandate of providing the science and engineering infrastructure base for Nigeria’s businesses and economy to thrive.” 

According to him, “The strategy, going forward, for NASENI includes knocking on the doors of potential end-users of the Agency’s technology and engineering products, making off-take of our Research & Development (R&D) easy, while also bringing the direct impact of our work to bear on the Nigerian economy.”

The two chief executives pledged to work together to bring down the cost of solar power installation in rural areas, through efforts such as increased local production of solar panels by NASENI. The overall goal, according to the REA MD, Ahmad Salihijo, is to facilitate the Federal Government’s ambition to achieve the electrification of Nigeria’s rural areas in record time.

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Schneider Electric Seeks Adoption of Electric Vehicles In Nigeria as a Solution to Fuel Challenges

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As the demand for sustainable transportation solutions rises, Schneider Electric has emphasized the need for adoption of electric vehicles (EV) solutions to alleviate future fuel challenges.

The country president, Schneider Electric, Ajibola Akindele disclosed this while showcasing the global energy management and automation giant’s cutting-edge range of Electrical Vehicle (EV) chargers at the West African Automotive Show, Landmark, Lagos, Nigeria.

Stating that there is growing interest for electric vehicles, Akindele, highlighted Schneider Electric’s commitment towards providing a reliable and sustainable solution for Nigeria’s transportation sector, “Fuel scarcity remains a significant concern in Nigeria and the cost is now an added challenge.

“Schneider Electric recognizes electric vehicles as a sustainable and efficient solution to address these issues, now and in the future. By shifting towards electric vehicles, Nigeria can reduce its dependency on fossil fuels and decrease carbon emissions. Schneider Electric is committed to supporting this transition by providing reliable and scalable EV charging solutions.”

Speaking on the exhibition success and visitor’s reactions, marketing communications manager, Omobolanle Omotayo, said “The exhibition witnessed enlightening engagements with electric vehicle enthusiasts and industry professionals, which provided valuable insights on the growing EV market in West Africa and the need for a robust charging infrastructure to support the transition to electric vehicles effectively.”

Schneider Electric commended the efforts of the Lagos State Government in promoting the importation of automotive electrical vehicles(buses) into Nigeria. This forward-thinking initiative demonstrates the government’s commitment to cleaner mobility and paves the way for a greener transportation ecosystem.

The EV charger product manager, Grace Olorunsola highlighted Schneider Electric’s diverse portfolio of EV charging solutions, “EV Charging solutions caters to the needs of both residential (EVlink Home) and commercial requirements (EVlink Pro AC). The charging solutions offer convenience and flexibility of use, ensuring electric vehicle owners can charge their vehicles efficiently without hassle.

“By implementing Schneider Electric’s EV charging solutions, Nigeria can seamlessly transition to electric vehicles and provide a sustainable and reliable transportation system for its citizens,” she added.  

Schneider Electric drives digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centres, infrastructure, and industries.

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Why WATT Renewable Is Investing $100m for solar-powered telecoms towers in Nigeria

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WATT Renewable, a private independent clean energy producer is to raise as much as $100 million by the end of 2024 to expand its business of providing solar power, mainly to telecommunications towers in Nigeria.

Sherisse Alexander, chief investment officer of WATT Renewable stated that the company has installed 12 megawatts of generation capacity at about 160 sites and has a pipeline of projects 10 times that size.

According to Alexander, the Canadian company would prefer a major investor to take a stake but will finance projects individually if need be.

“What we are looking at is a corporate raise. WATT is talking to companies that are already involved in the energy industry that have an understanding of renewable energy and specifically the African market,” she said.

WATT is one of a number of energy startups trying to provide power solutions in Africa, where about 600 million people, or half the population, have no access to electricity. Businesses across the continent are offering services ranging from mini-grids to small hydro plants to reach areas that aren’t connected to national grids.

One of its main customers is Pan African Towers Ltd., a Nigerian provider of masts. In addition to telecommunications, WATT has also focused on financial institutions and some commercial and industrial companies.

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