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April 19, 2024

FG Moves to Tackle Climate Change, Explores Carbon Pricing  

The Federal Government has stated its commitment to investigate the potential of carbon pricing as an approach to address the climate change issues in the nation.

The Director-General of the National Council on Climate Change, Salisu Dahiru, disclosed this on Saturday in Abuja.

In his perspective, “carbon pricing has the potential to tackle the climate issues faced by the nation. This approach effectively reduces greenhouse gas emissions by imposing a charge on emissions or providing rewards for emitting less.

“As far as Nigeria is concerned, the carbon trading scheme is an aspect of our national policy. Carbon pricing is one of the foundational works that is needed to be done in order to prepare Nigeria to participate in the emissions trading scheme for which the process has begun.”

Dahiru stated that the processes and understanding of carbon pricing would meet Nigeria’s inputs.

“We will ensure that every opportunity for harvesting emission reduction certificates from ongoing activities in Nigeria is linked to our NCCC. Carbon trading is not going to be limited only to the NCCC but to all the ministries, departments, and agencies or sectors that are interested in pursuing projects that can end carbon credit,” he said.

He conveyed his hopeful outlook, believing that the workshop would pave the way for a strong carbon trading system in Africa and serve as a building block for stakeholders in Nigeria to work towards achieving their target.

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