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Global anthropogenic activities resulting in the emission of harmful greenhouse gases (GHGs) to the atmosphere have increased the challenges faced from climate change. The greater awareness of the need to mitigate climate variability has brought about intense focus on the adverse impacts of fossil-fuel based energy on the environment. Being the single largest source of carbon emissions, energy supply has attracted much attention and more so that, climate change impacts extend beyond national boundaries. Since energy use is sine qua non to economic development, scientists have reiterated the necessity of developing and utilising renewable energy. Although, past and present CO 2 emissions have and are majorly caused by industrialized countries, it is envisaged that future GHGs emissions would be mostly from developing countries as they industrialize. Renewable energy sources that include biomass, hydroelectric, wind, solar and hydrothermal systems, are carbon-neutral, releasing relatively no emissions. This paper discusses the initiatives associated with the provision of renewable energy to the energy mix in Nigeria as an indication of the country’s commitment to adopt a sustainable development strategy in shaping the economy. It reviews the literature and employs a discourse analysis to examine the limited use of renewable energy sources in Nigeria and the factors prevailing against their development. The paper concludes by identifying social and political obstacles as most significant roadblocks towards rapid implementation of a green economy through the deployment of renewable energy for sustainable development. [ABSTRACT FROM AUTHOR]

Global firms are increasingly adopting greenhouse gas mitigation targets in response to climate change. These targets serve as a spur for carbon mitigation initiatives, provide guidelines to select appropriate mitigation actions, and set the standards to measure the progress of the mitigation efforts. Despite their important functionalities, firm-level mitigation targets have rarely been studied. In this paper we aim to provide a comparative view on mitigation targets set by global firms across different countries and industrial sectors. The analysis focuses on four dimensions, i.e., adoption, metric, scope, and stringency. We find Japan far leads the other major countries in terms of target adoption, but the targets of Japanese firms are generally less stringent. Canadian firms are laggards in both target adoption and target stringency. The mitigation targets are also considerably uncommon among Australian firms. Firms in developing countries fall behind in target stringency and display a significantly greater divergence than developed countries in sectoral adoption rate. The European Union firms are most likely to cover the emissions in their supply chains in targets. Target stringency has substantially tightened from 2005 to 2012. For all the countries in this study, around 95% of the firm-level targets are more stringent than the Intended Nationally Determined Contributions submitted to the Paris Agreement. Setting mitigation target has a significant positive impact on both the likelihood of investing in renewable energy and the amount of investment in renewable energy. However, there is no evidence that more stringent targets lead to higher investment. These findings point to the most pressing issues with regard to corporate mitigation target-setting that policymakers and corporate management should address. [ABSTRACT FROM AUTHOR]