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A green energy future for Malta – Ryan Callus

Reactions to the Nationalist Party’s vision entitled ‘A new energy future for Malta: 2021- 2030 -2050’ have been widely positive and welcoming. The Chamber of Commerce, Enterprise and Industry acknowledged that the energy sector requires long-term planning, ensuring security of supply for a stable and sustainable future economy, as proposed in our strategy. The Renewable Energy Section within the Malta Developers’ Association acknowledged the importance of having a strategy that has a mix of short-, medium- and long-term initiatives, noting our various initiatives aimed at encouraging consumers towards energy efficient systems, namely the introduction of domestic batteries and air-to-water heat pumps.

Low oil fortunes: FG creates centre to cut cost

The inauguration of the NOGEC came at a time Nigeria and the rest of the world are raising concerns over depleting oil revenue and the breakthrough in alternative forms of energy, including renewable and solar energy. To underscore the damage done to the Nigerian economy which is heavily reliant on oil, Nigeria’s Finance Minister, Mrs Zainab Ahmed, in May 2020, announced that the national revenue target fell by N125.52 billion in the first quarter of 2020 to N940.91bn. The Group Managing Director of NNPC, Mallam Mele Kyari, hinted at this paradigm shift when in December 2020, at the Central Bank of Nigeria (CBN) roundtable session, he said NNPC was putting measures in place to reduce the cost of crude oil production to create market for the country’s crude.

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