22 October 2016, Lagos – United Nations Framework Convention on Climate Change (UNFCCC) and Organisation of Petroleum the Exporting Countries (OPEC) has identified economic diversification as the leeway for building economic resilience.
Both UNFCCC and OPEC have therefore agreed to explore all available capacities, which can assist member countries in diversifying their economies and achieving transition of work force.
This call was made when Secretary General of OPEC, Mohammad Sanusi Barkindo, visited Bonn, to meet with the Executive Secretary of the UNFCCC, Patricia Espinosa, to enhance cooperation between the two bodies and exchange views on recent developments in the oil market.
According to a statement from OPEC, Barkindo and Espinosa, along with senior delegations from both organisations, discussed the importance of enhancing cooperation between the UNFCCC and OPEC, especially on matters related to climate change, sustainable development and economic diversification.
The meeting builds on the ongoing involvement of OPEC in climate change negotiations and the active participation of its member countries.
Barkindo congratulated Espinosa on the entering into force of the Paris Agreement and the significant and effective support provided by the UNFCCC secretariat in this process.