At the 92nd Power Dialogue held in Abuja, energy experts convened to discuss strategies for maximizing Nigeria’s carbon credit market potential as part of the country’s decarbonization efforts. This is as they opined that Nigeria’s carbon credit market as an emerging sector in the country’s decarbonisation process is yet to actualise its full potential as […]
The Federal Government and Self Help Africa, an NGO, have initiated moves to reduce black carbon emissions by 83 per cent and methane emissions by 61 per cent by 2030. Carbon and methane are climate pollutants. Mr Temitope Fashedemi, Permanent Secretary, Federal Ministry of Agriculture and Food Security, disclosed this at a workshop on the […]
By Ukpono Ukpong As parts of efforts to tap from the carbon market, which has an estimated value of $2.5 billion, the Vice President Kashim Shettima, yesterday inaugurated the Intergovernmental Committee on Carbon Market Activation Plan. The committee is expected to help create a blueprint to drive an efficient sustainable carbon market ecosystem in the […]
By Lerato Kumalo The construction industry’s role in exacerbating climate change by adding to global warming and intensifying carbon emissions is undeniable. This issue is compounded by the ongoing urbanization driven by an ever-growing global population. The escalating global population is giving impetus to the construction sector, magnifying its impact on economies and the environment […]
BY MONICA MADUEKWE The Africa Carbon Market Initiative, ACMI, has an overall objective, which is to mobilise US$100 billion per annum by 2050, among others. The ACMI’s ambition by 2050 is to “establish carbon credits as one of Africa’s top export commodities via a focus on nature and technology-based removal credits”. Carbon markets as an […]
In its commitment to ensure unimpeded supply of petroleum products and safeguard the environment through reduction of carbon emission, the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65 million litres per annum biofuel plant in Okeluse, Ondo State. Speaking when the Governor […]