Top Posts
Death toll from Mokwa flood rises to 153
Scientists say nearly 40% of the world’s glaciers...
Nigerian government seeks alignment of NDC climate action...
German court dismisses climate case against RWE
WHO Climate Change action plan approved
Report: World likely to breach 1.5°C limit in...
At Bonn climate talks, Brazil demands early deals...
Researchers warn Africa could face 113 million climate...
LAPO MfB launches tree-planting initiative to fight climate...
Stiell says new NDCs are about growth, antidote...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
Nigeria

Climate change council, NSIA sign MoU on emissions regulations

by admineconai May 17, 2023
written by admineconai May 17, 2023
728

The Nigeria Sovereign Investment Authority (NSIA) says it has signed a memorandum of understanding (MoU) with the National Council on Climate Change (NCCC) to ensure the development of a climate change framework and provide guidelines for regulating emissions in Nigeria.

Speaking on Monday during the signing ceremony, Aminu Umar-Sadiq, managing director and chief executive officer (CEO) of NSIA, said that the agreement was made due to the urgency to address climate risks, adding that the collaboration would go a long way in ensuring the development and implementation of strategies to support climate change actions and energy transition.

He explained that through the partnership, the implementation of a carbon emissions trading mechanism in the country, management of a national carbon registry as well as a climate change fund will be facilitated.

“A core pillar of our environmental, social and governance (ESG) strategy is to actively build strategic partnerships with relevant organisations to support climate change actions and Nigeria’s energy transition ambitions of achieving net zero emissions by 2060,” Umar-Sadiq said.

Read also: Former economist says UK could unlock £70bn a year in renewable energy

“The agreement with our partner, NCCC is one of the strategic steps we are taking to meet our social impact goals and sustainability commitments.”

Meanwhile, during the ceremony, the NSIA CEO also announced the launch of the agency’s maiden edition of its impact report (IR) which outlines the progress made towards the attainment of the authority’s developmental and socio-economic impact as of 2021.

“NSIA’s maiden impact report highlights the authority’s development agenda and impact over several years of operations as well as the authority’s efforts to safeguard the environment and address relevant climate-related risks and opportunities in line with best practices,” he said.

Also speaking, Salisu Dahiru, director-general of the NCCC, said that the partnership was a bold signal to the global audience that the government was serious about its climate commitments.

“By committing resources from its sovereign wealth fund to support climate action and inclusive green economic growth, Nigeria is investing in its future, especially in a vastly decarbonising world,” Dahiru said. “This partnership between two of Nigeria’s flagship institutions is expected to catalyse private finance to accelerate Nigeria’s ambitious climate and national development agenda.”

Story was adapted from TheCable.

Climate changeCouncilEmissionMOUNSIARegulation
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Former economist says UK could unlock £70bn a year in renewable energy
next post
UK to scrap air pollution transparency rules among EU laws

Related Posts

Death toll from Mokwa flood rises to 153

June 3, 2025

Nigerian government seeks alignment of NDC climate action...

June 3, 2025

LAPO MfB launches tree-planting initiative to fight climate...

May 23, 2025

EU trains 5,000 Imo farmers to combat climate...

May 19, 2025

Jigawa holds first summit on agriculture, climate change

May 19, 2025

NEST, experts demand subnational action to address climate...

May 19, 2025

Kalu says climate change no longer looming threat,...

May 17, 2025

Environment minister says tree planting key to combating...

May 8, 2025

Climate Change: Heavy surge wipes out six Lagos...

May 8, 2025

NGO wants govt to tackle climate change-driven conflicts

May 1, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World