The Federal Government, on Wednesday, warned carbon emission reduction traders who were trading without recourse to designated authority t
Carbon trade is the buying and selling of credits that permit a company or other entity to emit a certain amount of carbon dioxide or other greenhouse gases.
Speaking at the workshop, the Director-General, National Council on Climate Change – a Federal Government agency, Salisu Dahiru, said the regulatory guidance would be tailored towards the government’s priority and would align with Nigeria’s Nationally Determined Contributions on carbon emission, hence should not be altered.
“We want to take full advantage of those opportunities so that we can make the necessary investment and also drive the development along our priority targets, as contained in the NDCs and our net zero target,” Dahiru stated.He stated that as far as Nigeria was concerned, carbon trading scheme was an aspect of its national policy and national priority to put in place all the measures that could address the country’s mitigation and adaptation challenges.
Dahiru called for concerted and collective efforts to ensure that Nigeria was fully positioned to take advantage of the opportunities in climate change mitigation and adaptation.
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