Rédaction Africa Links 24 with Sami Zaptia
Published on 2024-04-18 07:00:35
Oilinvest and the Public Services Company-Tripoli have come together in a collaboration focused on carbon capture, environmental preservation, and combatting desertification in Tripoli. This project aligns with the United Nations Sustainable Development Goals (UN-SDGs) 13 and 15, which address Climate Action and Life on Land.
On a recent occasion at the Four Points Hotel in Tripoli, key stakeholders from government ministries, regional authorities, environmental NGOs, research centers, academia, and local communities gathered to learn about this initiative. Oilinvest referred to this collaboration as a groundbreaking effort in the fight against climate change and the protection of natural resources.
The project, known as the Afforestation, Reforestation, and Revegetation (ARR) project, emphasizes the shared commitment of the participating parties to reduce carbon emissions, combat desertification, and safeguard the environment. A strategic agreement was formalized between Oilinvest and the Public Services Company following a comprehensive presentation by Oilinvest’s Sustainability Team.
As part of the agreement, up to one million trees will be planted on approximately 1,450 hectares of land at the Wildlife Park Tripoli site. The project’s goal is not only to reforest the area but also to manage it sustainably, with a focus on reducing carbon emissions and greenhouse gases in Libya. Oilinvest aims to transition into a zero-emissions energy company by 2050, in line with global targets for limiting temperature increase.
David Pezzulli, Director of Strategy at Oilinvest, highlighted the company’s dedication to sustainable practices and environmental responsibility. He emphasized the importance of leveraging nature-based initiatives to capture greenhouse gas emissions and generate Carbon Credits for long-term sustainability. This collaboration is seen as crucial in restoring Libya’s ecosystem and addressing challenges such as deforestation, urbanization, and water scarcity.
The ARR project will kick off on 450 hectares initially, incorporating advanced technologies like drip irrigation and a tree seedling nursery. The eventual planting of one million trees is expected to absorb over 10 million tons of CO2 equivalent annually, contributing significantly to environmental and social sustainability goals in Libya and the Mediterranean region.
Oilinvest, a Libyan state-owned entity, plays a substantial role in the European downstream oil industry through its brands Tamoil and HEM. With a workforce of 1,000 professionals, the company markets millions of tons of fuel products each year. Headquartered in the Netherlands, Oilinvest is committed to achieving net-zero emissions by 2050.
In addition to this collaboration, other initiatives in Libya focus on reforestation and environmental conservation. The National Oil Corporation (NOC) has launched campaigns to plant millions of trees, reflecting a broader commitment to sustainable practices and climate action in the region. Through concerted efforts like these, Libya is moving towards a greener and more sustainable future.
Read the original article on Libya Herald
