Nigerian Government Set To Pioneer Carbon Market

The Federal Government says the carbon market is a new and innovative climate change solution that will create, over the period of an energy transition, millions of new jobs in Nigeria. <br />Vice President, Prof. Yemi Osinbajo, is a member of the recently formed international Steering Committee for the Africa Carbon Markets Initiative which is aimed at facilitating the emergence and growth of the market in Africa. <br />It further stated that other members of the committee, which would be announced at the COP27 meeting in Egypt, are former President of Colombia, Ivan Duque Marquez; President of the African Development Bank, Akinwumi Adesina, among others, including officials of the United Nations, USAID, Gates Foundation, and other international private sector players.