The finance concept of debt-for-nature swap has become increasingly popular in the past year as countries are looking for ways to simultaneously reduce their debts and preserve their environment. This concept was first implemented in 1987 as a swap between Bolivia, Costa Rica, Ecuador, and the NGOs in the United States. The swap was a […]
Unlocking Nigeria’s Carbon Market Opportunities for Sustainable Growth.
Nigeria is one of the most populous countries in Africa with over 200 million people. The country is blessed with vast resources and faces numerous challenges in achieving a sustainable development and combating climate change. However, these challenges present ample opportunities, particularly in its carbon markets. The good side of the current global challenge is […]
Africa Climate Summit concludes with $23 Billion in Pledges for a Greener Future
The inaugural Africa Climate Summit which held in Kenya concluded with a commitment to green initiatives, as President William Ruto of Kenya announced $23 billion in pledges for sustainable projects into the continent. The summit’s “Nairobi Declaration” issued a clarion call for urgent climate action, including advocating for global carbon pollution taxes, phasing out coal, […]
Debt-for-Nature swaps to finance Climate Action In Africa
At the event, top African experts call for more innovation, partnerships and government reforms to unlock billions in climate finance. With Africa requiring over $300 billion annually for climate adaptation, policymakers and government officials meeting at a high-level event on the sidelines of the Africa Climate Summit in Nairobi, have called for the implementation of […]
Ahead of COP28: Africa Still Lagging Behind in Climate Finance Inflow
Climate change is increasingly becoming a subject that can no longer be ignored. More than ever before, the world is feeling its impact and in a more localized context, Nigeria has experienced some of the worst effects of climate change such as heavy flooding which has translated to the loss of lives, destruction of public infrastructure […]
LEKKI DEEP SEA PORT PROMOTES AFCFTA GAINS BUT LOCAL COMMUNITY SEEK SHARED PROSPERITY AND ENVIRONMENTAL PROTECTION
The Lekki Deep Sea Port holds the promise to position Nigeria for the big gains of the AFCFTA, competitive transshipment, and status upgrade as the maritime hub of West Africa, but the neighboring local communities also want a share of this prosperity and protection against any adverse sustainability and human rights issues following the development. […]
Climate Change Strips Kwara Community’s Children of Education, Urgent Action Needed
Climate change not only poses environmental challenges but also social and economic burdens, impacting communities worldwide. In Kwara state, Nigeria, the devastating consequences of climate change are robbing children of their right to education. Annual floods have displaced families, destroyed classrooms, and created an environment where attending school becomes increasingly difficult. Urgent action is needed […]
Likpata Farmers in Kwara State,Nigeria Adapt to Climate Change with Innovative Dry Season Farming Techniques
Likpata, a community in Edu local government area of Kwara State, North Central Nigeria, is taking proactive measures to tackle the challenges posed by climate change by embracing dry season farming. Facing recurrent flooding due to excessive rainfall and the overflow of River Niger, farmers in Likpata have adopted new agricultural practices to sustain their […]
African Women Leaders Rally Against Climate Change’s Impact on Women and Girls
Women and climate change