Fuel Subsidy: Nigeria to prevent 15m tons of carbon dioxide emissions — Shettima
The vice president noted with concern, the lack of progress on the mobilisation of the $100b meant for adaptation financing by 2020 pledged by Western countries since 2009 at COP15, noting that the Loss and Damage agreement which provided hope for many low-income countries bearing the brunt of climate change must be finalised.
He said that the NCCC is in discussions with the Green Climate Fund, the Nigeria Sovereign Investment Authority, the Infrastructure Corporation of Nigeria Ltd, the Ministry of Finance Incorporated, the KfW Development Bank, and other relevant partners, to accelerate the mobilisation of additional financing and support for Nigeria’s climate actions.
“This workshop is necessary so that we can analyse the outcomes of that meeting and to prepare what will be the key priority areas of interest for Nigeria and plot the necessary strategies to negotiate and ensure that we get those issues included in the agreement that will emerge.
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