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FG to consider climate finance, partnerships to reduce emissions

by admineconai October 19, 2022
written by admineconai October 19, 2022
698

The federal government has said that Nigeria would explore options for climate finance as well as establish relationships that would drive the countryโ€™s emissions reduction ambitions, adaptation, and climate change mitigation.

Nigeriaโ€™s minister of environment, Mohammed Abdullahi made this known while discussing the countryโ€™s priorities ahead of the 2022 United Nations Climate Change Conference, COP27 scheduled to hold from 6 to 18 November 2022 in Sharm El Sheikh, Egypt.

Abdullahi warned against the dangers of continued delay of global action on carbon emission, insisting that the world is moving closer to irredeemable damage to the environment and its ability to sustain the human population without proportionate action to change the tide.

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He regretted that while Nigeria and the entire continent of Africa contribute the least in terms of emission of greenhouse gas into the atmosphere, it remains the worst hit by the impacts of climate change due to limited adaptive capacity to cope with these impacts.

The Minister warned that the world moves closer to irredeemable damage to the climate and its ability to sustain the human population, with every small delay to proportionate action.

โ€œThe focus will be on a sustainable funding mechanism that drives nature-based solutions such as land restoration, reforestation, combating desertification, climate smart-agricultural practices as well as adaptation strategies,โ€ the minister said.

He added: โ€œNigeria will also seek collaboration and support on sustainable waste management, renewable and clean energy provision, and finance for loss and damage. Nigeria will push for developed countries to fulfil financial pledges to aid in tackling the climate crisis.โ€

He further noted that the expected outcomes of Nigeriaโ€™s participation will include increased partnership building that helps Nigeria achieve its emission reduction targets, address adaptation and mitigation, establish sustainable financing for climate actions, resilience building, poverty eradication, energy transition and sustainable development.

Story was adapted from Thisday.

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๐—จ๐——๐—จ๐—ฆ ๐—”๐—น๐˜‚๐—บ๐—ป๐˜‚๐˜€ ๐—ช๐—ถ๐—ป๐˜€ ๐—ก๐—ถ๐—ฌ๐—” ๐—š๐—ฟ๐—ฎ๐—ป๐˜ F๐—ผ๐—ฟ ๐—–๐—น๐—ถ๐—บ๐—ฎ๐˜๐—ฒ-๐—ง๐—ฒ๐—ฐ๐—ต ๐—œ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป

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