The Federal Government has stated its intention to investigate carbon pricing as a tactic to address the country’s climate change concerns.
The Punch reported that the National Council on Climate Change’s Director General, Salisu Dahiru, revealed this on Saturday in Abuja.
He asserted that carbon pricing would resolve the country’s climate problems since it reduces greenhouse gas emissions by charging for emissions and/or providing incentives for generating less emissions.
“The carbon trading scheme is a component of our national policy in Nigeria,” he declared. One of the fundamental tasks that must be completed in order to get Nigeria ready to take part in the carbon trading scheme that has begun.”
Dahiru stated that the procedures and knowledge of carbon pricing would take into account Nigeria’s participation.
“We’ll see to it that every chance for collecting emission reduction certificates from ongoing activities in Nigeria is connected to our NCCC.
All ministries, departments, agencies, or sectors that are interested in pursuing initiatives that can end carbon credit are going to be able to participate in carbon trading, not just the NCCC,” he said.
“Flooding is on the rise, and the latest event in Lugbe serves to illustrate how everyone will be affected by climate change.
“To ensure that Nigeria is well positioned to take advantage of the potential in climate change and adaptation, it requires dedicated and group efforts. In order to learn more about carbon trading, the government should also participate in the private sector,” according to Dahiru.
