Social Media Links:

Síguenos:

Cancuún México 29 de noviembre - 10 de diciembre 
Choose your prefered language: Español | English

Nigeria to Benefit from Climate Fund

Nigeria
Vanguard
05/11/2010

Nigeria and other nineteen African countries are to access N13.8 billion (about $92 million) Green House Gas Emission Fund over the next two years.

The money is made available by the Government of Japan under the African Adaptation Programme, while the project is being implemented through UNDP and the Federal Ministry of Environment, Special Climate Change Unit as the implementing agency. .

The Head of Special Climate Change Unit, Federal Ministry of Environment, Dr. Victor Fodeke, who disclosed this during the official inauguration of the Ministerial Steering Committee on the Adaptation Fund, said that the country will in the next two years draw from the N13.8 billion pooled under the African Adaptation Programme (AAP) to, essentially, fight green house emission from all sectors of the economy.

According to him, the total amount of  funds to be made available to beneficiary countries is anchored   on market based monetisation of Certified Emission Reduction (CERS) which is  adaptation fund’s main source of revenue. But climate change expert however, observed that Nigeria is yet to conduct its first emission inventory  due to government’s reluctance to provide the needed funding for the project.

However, in his keynote address, the Minister of  Environment, Mr. John Odey, charged the Ministerial Steering Committee to pro-actively work out plans and modalities for Nigeria to draw from this global fund.

The composition of the Committee, according to him  was chosen based on expertise and knowledge.

Odey pointed out that the  increasing effects of human-induced climate change are unavoidable in the short- middle and long-term, despite global mitigation efforts, adding that the worsening trends of desert encroachment, floods, droughts and other weather extremes as well as melting glaciers and sea level rise confirm that climate change is already happening right now.

The Managing Director of  EuroAfric Environmental Resources Limited, Mr. Tony Ezechukwu, submitted that government needed to do more to encourage the special climate unit of the federal ministry of environment by upgrading the special unit into a full fledged agency without further delay.

Meanwhile, the other beneficiary countries are Burkina Faso, Cameroon, Congo, Ethiopia, Gabon, Ghana, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Namibia, Niger, Rwanda, Sao Tome, Senegal, Tanzania and Tunisia.

The AAP is part of development assistance to the African continent towards incorporating climate change risks and opportunities into national development.

It will be recalled that the adaptation fund board established by the parties to the Kyoto Protocol of the United Nations Framework Convention on climate change (UNFCCC) is mandated to finance concrete adaptation projects and programmes in developing countries that are parties to the Kyoto Protocol and to allow direct access to the fund by those parties.

El contenido de las noticias que se presentan en esta sección es responsabilidad directa de las agencias emisoras de noticias y no necesariamente reflejan la posición del Gobierno de México en este u otros temas relacionados.

    

Page 'Breadcrumb' Navigation:

Site 'Main' Navigation: