As global methane emissions continue to rise, African policymakers, ahead of COP28, are calling for a transformative approach to finance methane reduction initiatives across the continent. The call for action was emphasized during a high-level panel titled “Financing Methane Action in Africa”, organized by AfriCatalyst, a leading global development advisory firm. The African Development Bank […]
Africa Climate Resilience: The Urgent Need for Adaptation Finance
In a world grappling with the pressing issue of climate change, the continent of Africa stands at a critical crossroads. Despite contributing less than 4% to global greenhouse gas emissions, African nations bear the brunt of its devastating impacts, including floods, droughts, and heatwaves. The need for climate finance to adapt and mitigate these challenges […]
Tackling Climate Change in Nigeria and Assessing the Country’s Climate Finance Landscape for Current Levels andFuture Prospects.
Climate change is a global challenge that affects every country, but it disproportionately impacts developing countries like Nigeria. The country has experienced the effects of climate change in the forms of threatened agriculture and food security, water stress, floods, droughts, rising sea levels and stressed ecosystem. From rising sea levels in the south to desertification […]
Debt-for-Nature Swaps and Their Potential to Address Nigeria’s Environmental Challenges
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 […]