Nature-based Climate Change Mitigation and Adaptation: How Nigeria Can Build a Greener, Safer Future with Nature’s Help
From the submerged streets of Victoria Island during a downpour to the blistering, sun-baked landscapes of the Sahelian north, Nigeria is on the front lines of a climate crisis. So far, rising temperatures, changing precipitation patterns, and increased frequency of flooding have disrupted many lives and exacerbated existing vulnerabilities and conflicts, jeopardizing the country’s socio-economic stability.
CARBON MARKET ECOSYSTEM: SOMETHING FOR EVERYONE!
KEY TAKEAWAYS Nigeria’s carbon market potential is estimated at 87.2 to 124.7 million metric tonnes of CO2 equivalent (MtCO2e) from reduction or removal projects. The cumulative potential market value is projected to be between 736 million USD and 2.5 billion USD by 2030. Despite wide challenges in setting up and operationalizing a carbon market system, several opportunities for advancement abound for various stakeholders through participation, collaboration and commercialization of services. The carbon market supports innovative
Climate Finance and Emerging Issues from COP 29: What Next for Nigeria?
KEY TAKEAWAYS: COP29 set new, ambitious financial goals, including tripling the annual climate finance commitment for developing countries to $300 billion and aiming to mobilize $1.3 trillion annually by 2035. The Loss and Damage Fund, established during COP27, was further operationalized at COP29. This fund aims to assist vulnerable countries in dealing with climate-related disasters. COP29 made progress in refining international carbon market rules to enhance environmental integrity and prevent double-counting, which is vital for
Unregulated Drilling of Water Wells in Nigeria: Risks, Regulatory Challenges and Strategic Way Forward.
The Linkages Between Climate Change and Watershed Development in Nigeria
Key Takeaways Climate change exacerbates water scarcity and water related hazards. Watershed management guarantees water and soil conservation for food and water security. Healthier watersheds support ecosystems and advance climate change resilience Development projects should incorporate watershed management into their program design to support climate change resilience. Nigeria has about 277 watersheds with only 57 of them prime for development under sustainable management practices to foster climate resilience. INTRODUCTION In 2012, Nigeria suffered an estimated