– Demands increased climate finance
Mkpoikana Udoma
Port Harcourt — The federal government as affirmed its commitment to a low carbon, climate-resilient economy, while calling for increased climate financing, technology transfer, and fulfillment of pledges by developed nations to support developing countries.
The Minister of State for Environment, Mr. Salako Iziaq who gave the commitment at the ongoing United Nations Environment Assembly in Kenya, said Nigeria was targeting universal access to energy by 2030.
Iziaq who emphasized President Bola Ahmed Tinubu’s commitment to a sustainable environment, outlined ambitious plans for energy transition, waste management, and biodiversity protection.
He highlighted Nigeria’s achievements to include reducing gas flaring and mobilizing private sector funding for climate through initiatives like Green Bonds.
He said, “Nigeria is committed to low carbon, climate resilient and high growth circular economy that is gender sensitive and equitable.
“We have put together an energy transition plan and active universal access to energy by 2030 and net zero emission by 2060. Our target to end routine gas flaring by 2030 is well on the way to being met before the target date.
“A robust and all-inclusive national policy on carbon trading and climate financing framework is being developed.
“Our Green bond which is billed to make its third issuance this year, is a good example of how to mobilize private sector funding for climate,” the government said.
