- Nigeria is participating in global climate finance talks in London, presenting ambitious NDC 3.0 targets to the UNFCCC.
- Nigeria's National Council on Climate Change sets NDC 3.0 targets and the nation seeks green growth investments.
Nigeria Builds Carbon Market Roadmap During EU Climate Dialogues
What happened
Climate experts and stakeholders gathered in Abuja for the European Union Climate Dialogues programme to discuss Nigeria’s carbon market roadmap. The discussions centered on establishing robust Monitoring, Reporting And Verification (MRV) Protocols for the market. The National Council on Climate Change stated that the market must be built on integrity and credible data, noting that the council has issued about 26 million carbon credits from projects previously executed in Nigeria.
From dailytrust.com
Why it matters
The operationalization of the National Carbon Markets Framework aims to provide an institutional foundation for a credible carbon market. This framework is designed to ensure that carbon projects deliver permanent mitigation outcomes while protecting investors and communities.
Nigeria is currently setting NDC 3.0 targets and participating in global climate finance talks in London, seeking green growth investments.
From dailytrust.com
Who's involved
- NigeriaSovereign state where the carbon market framework is being built.
- National Council on Climate ChangeAgency leading the carbon market roadmap and engaging with the EU.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NigeriaSpeculative
Establishing a credible carbon market could attract private capital and strengthen Nigeria's regulatory standing.
The carbon market could mobilize private capital for industry.
The carbon market might mobilize private capital specifically for agriculture and forestry interventions.
- Nigerian Meteorological AgencySpeculative
The MRV protocols required for the carbon market could increase demand for climate data services.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Nigeria
sovereign state in West Africa
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National Council on Climate Change
Nigerian climate change agency
Nothing else this week.
Related events
- Nigeria's National Council on Climate Change and the Ford Foundation supported energy transition talks related to the Paris Agreement.
- Emir of Kano headlines an event in Lagos, Nigeria, involving national environmental and climate change agencies.
- Nigeria collaborates with the Society for Planet and Prosperity on a climate governance ranking system.
- The European Investment Bank and European Commission focused on sustainable growth and strategic priorities in sub-Saharan Africa, engaging with Nigeria.
- NCF operates in Nigeria to address environmental issues, while recent devastation in Nepal serves as a warning.