Categories: Business

Climate Change Agreement 2021 – Impact on Nigerian Vehicle Fleet Owners

On the 12th of December 2015, 196 Parties adopted the climate change agreement (or Paris Agreement) at COP 21 in Paris, France. This agreement became effective on the 4th of November 2016.

The agreement is a legal-binding international treaty on climate change. This agreement aims to curb global warming and bring it to a low of about 2 degrees Celsius or preferably 1.5 degrees Celsius, in comparison, to pre-industrial levels.

All parties involved in this agreement believe that this goal is achievable, and the countries have set the ball rolling.

The target is to hit a global peaking of greenhouse gas emissions in no time. The achievement of this goal means we will have a climate-neutral world by mid-century.

The climate change agreement is a significant step in the right direction of the multilateral climate change process.

Most often than is commonly recorded, this agreement brings all nations to a place where we can all focus our attention on saving our planet by facing climate change and its effects head-on.

The Paris Agreement follows a 5-year cycle of countries taking great ambitious strides to hit the global target. In 2020, these nations formulated and submitted their action plans. The plans have a name, NDCs, which means Nationally Determined Contributions.

Furthermore, some economic and social transformation changes are expected to come into play following the execution of the Paris Agreement.

Fossil fuels, future mobility and climate change

The principal fossil fuel we know today is petroleum, coal, and natural gas. These fossil fuels are extracts from drilling and mining processes.

Fossil fuels have played an essential role in today’s civilization. We have seen much-unprecedented economic growth owing to fossil fuels. Most importantly, petroleum or oil played an undisputed role in technological advancement and science as a power source for most combustion engines.

However, the Research and Exploration cost of fossils fuels over the years has increased. This increase is tied to the depletion of oil and gas reserves, accompanied by the ever-increasing demand for fossil fuels.

As a result, an alternative fuel transition is imminent on a substitute energy source that would not harm the global climate.

Impact of fossil fuel on climate change

Fossil fuels are the dominant source of global warming. In 2018, 89% of global CO2 emissions emanated from the burning of fossil fuels.

The burning of fossil fuels produces large quantities of CO2 that are released into the air. CO2 traps heat in our atmosphere, leading to spikes in global warming.

A recent study indicates an increase of 1 Celsius in the global average temperature, which is not good. Any increase above 1.5 degrees Celsius will lead to sea-level rise, extreme weather conditions, species extinction, and biodiversity loss.

Some adverse effects include depleting health conditions, food scarcity, and a rise in the global poverty index.

Global warming and car fleet owners in Nigeria

We all know that the burning of fossil fuels by both individual activity and industrial activities are the major pathways for CO2 release into the atmosphere.

In Nigeria, over 20 million vehicles are on the roads, and about 70% of these vehicles are preowned cars (what Nigerians call “TOKUNBO”).

An average vehicle on a Nigerian road is about 12 years old. Coupled with the terrible road network on Nigerian roads and the age of automobiles in mind, it is no wonder that Nigeria has become one of the countries where the sales of automotive spare parts booms.

Due to the increased demand for spare parts, many fake and substandard spare parts are floating in the Nigerian automobile market. However, there are a few good crops of genuine spare part dealers and suppliers in and around the country.

The use of bad spare parts for vehicles will often lead to incomplete combustion in the engine and release dangerous gases harmful to the global climate. This situation appears to be the norm in town; smoky vehicle emissions, noisy and clanking engines.

Nigerians are often enthusiastic about owning cars; an average Nigerian will most likely purchase a vehicle before investing in real estate. Sadly, the love for cars in this country does not sit on the same pedestal as the car maintenance culture.

Most of the problems encountered with cars on Nigerian roads will dissipate by the invasion of trustworthy car spare parts suppliers like https://sts-global.com/car-parts, keen on improving the state of specific motor repair, maintenance, and enhancement needs.

Another way to curb this menace may be the introduction of increased taxes on non-environmental friendly vehicles. Also, poorly maintained automobiles should attract a fine.

Furthermore, fleet owners in Nigeria should be held accountable for their contributions to global warming. Failure to follow due process should incur a fine or removal of the fleet from the road.

Although the world seems to be searching for alternative fuel for cars and other engines alike, Nigeria may not buy into that idea just yet. Electric automobiles are more expensive to purchase and maintain than the regular fossil fuel combustion engines in Nigeria.

Therefore, Nigeria must take cognitive steps to manage the CO2 release in the country, thereby contributing positively to the global climate condition.

Conclusion

The earth’s climate condition should be a concern to everyone. If we want to curb global warming, we must all play our role religiously.

Oil still releases large amounts of carbon as it burns. This fact will not change. An alternative source of energy is required very soon, and everyone has to get on board.

Carbon emissions from oil form a third of the world’s total carbon emissions. Most people advocate that natural gas is much a cleaner energy source in comparison to oil and coal.

However, natural gas is also a fossil fuel and contributes a fifth of the world’s total carbon emissions.

Coal contributes over 0.3 Celsius to the 1 Celsius increase in global average temperature. Coal sits up there alone as the largest source of global temperature rise.

Tribune Online

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