Top Posts
African climate change projects secure major funding
Former French PM urges China, Europe to unite...
NDDC, FOSDO launch tree-planting campaign to address climate...
WHO unveils an ambitious blueprint for action on...
New report shows nearly 900 million poor people...
Lagos to Host 2025 International Climate Change Summit
New study shows overheating world will add 57...
NAICOM urges W’African insurers to invest in climate...
Climate change: Nigeria, development partners launch Net Zero...
Nigeria launches net zero project to fight climate...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
Nigeria

Climate Finance: Osinbajo says African carbon market targets $1 billion

by Matthew Eloyi January 26, 2023
written by Matthew Eloyi January 26, 2023
609

Nigeria’s Vice President, Prof Yemi Osinbajo has said that the African Carbon Market Initiative (ACMI) Steering Committee aims to get $1 billion in total commitments from purchasers before COP28, which will take place later this year.

According to a statement signed by the Senior Special Assistant to the President on Media and Publicity Office of the Vice President, Laolu Akande, Osinabjo stated this while hosting a group from the Rocky Mountain Institute, a US-based organization that has spent the previous 40 years studying the issue of the energy transition.

Econaiplus had earlier reported that Osinbajo said that the Federal Government was working on issues of climate finance and specific initiatives that will progress Nigeria’s goal of attaining Net-Zero by 2060 and looking into the potential of electric vehicles in the nation.

Read also: Report says clean energy race sparks more ambitious climate policies

Speaking of the Federal Government’s objectives in pursuing a just energy transition agenda, he noted that among other things, the government was looking for adequate climate finance, particularly through the African Carbon Market Initiative (ACMI).

The statement added that Osinbajo had earlier in the day virtually participated in a progress meeting of the international African Carbon Market Initiative Steering Committee where the progress of the plans on broadening the market in Nigeria and Africa was reviewed.

Story was adapted from NatureNews.

BillionCarbon marketFinanceOsinbajoTarget
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Report says clean energy race sparks more ambitious climate policies
next post
Report says Natural disasters caused $313 bln economic loss in 2022

Related Posts

Lagos to Host 2025 International Climate Change Summit

October 20, 2025

NAICOM urges W’African insurers to invest in climate...

October 16, 2025

Climate change: Nigeria, development partners launch Net Zero...

October 16, 2025

Nigeria launches net zero project to fight climate...

October 14, 2025

CSOs reject water privatisation, seek more investment to...

October 14, 2025

NAICOM speaks on impact of climate change

October 14, 2025

NDDC, others push for climate change awareness in...

October 9, 2025

Report: Nigeria, others may lose $300 billion, 49m...

October 3, 2025

Nigeria insurers prepare to global delegates on climate...

October 3, 2025

Borno govt, NGOs demand funding on climate change...

October 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