Friday, July 12, 2024
    HomeClimate ChangeFG explores carbon pricing to mitigate climate change

    FG explores carbon pricing to mitigate climate change

    The Federal Government has said that it would fully explore carbon pricing in the efforts to mitigate climate change challenges in the country.

    Director General of the National Council on Climate Change (NCCC), Dahiru Salisu disclosed in a workshop that carbon pricing would address the nation’s climate challenges.

    Read Also: Noise pollution from cars, trains, planes can take years off your life — Study

    Read Also: Carbon pricing will address climate challenges – NCCC

    Carbon pricing curbs greenhouse gas emissions by placing a fee on emitting and/or offering an incentive for emitting less.

    “As far as Nigeria is concerned, the carbon trading scheme is an aspect of our national policy.

    “Carbon pricing is one of the foundational works that is needed to be done in order to prepare Nigeria to participate in the emissions trading scheme for which the process has begun,” the Dahiru stated.

    Dahiru said the processes and understanding of carbon pricing would meet Nigeria’s input.

    “We will ensure that every opportunity for harvesting emission reduction certificates from on-going activities in Nigeria is linked to our NCCC.

    “Carbon trading is not going to be limited only to the NCCC but to all the Ministries, Departments and Agencies (MDAs) or sectors that are interested in pursuing projects that can end carbon credit,” he said.

    He expressed optimism that the workshop would facilitate one of the robust carbon trading systems in Africa and lay the foundation for stakeholders in Nigeria working towards achieving the target.

    “We are very familiar with the flooding in 2022. We are see signs of the flooding, especially with the recent one at Lugbe which tends to highlight that nobody can escape the impact of climate change.

    “It calls for conceited and collective efforts to ensure that Nigeria is fully positioned to take advantage of the opportunities in climate change and adaptation.

    “It is not only for us but for the government to invest in private sector to see what is in carbon trading,” Dahiru said.

    The Director-General of the National Agency for the Great Green Wall (NAGGW), Dr Yusuf Maina Bukar, said that the Memorandum of Understanding (MoU) recently signed by the agency would accelerate Nigeria’s Tree Planting Campaign to mitigate climate change.

    The MoU, signed on April 14, 2023, involves NAGGW, GROASIS B.V. of Netherlands and Boplas Industries for the production of waterboxx in Nigeria.

    He said that the MoU would boost economic activities, create thousands of new jobs, and ultimately reposition the agency to achieve its mandate of transforming the GGW belt into an economic hub.

    Maina-Bukar said that the MoU has the potential to expand the initiative to other African countries.

    “Nigeria is the first Pan-African Agency among the Great Green Wall member countries to adopt the innovation as a policy.

    “The country continues to lead the Pan-African Agency for the Great Green Wall and its agenda in Africa.

    “The Groasis waterboxx is an innovation adopted to improve the efficiency and effectiveness of Great Green Wall tree planting activities in the 11 frontline areas of the Agency.”

    Enviro News.



    Please enter your comment!
    Please enter your name here

    Most Popular