The looming environmental crisis in Africa, driven by the relentless march of climate change, has been brought into sharp focus by a recent study conducted by economist Philip Kofi Adom. The findings paint a bleak picture, forecasting a decline in agricultural production, an increase in poverty, and a significant economic downturn if global warming is […]
Kenya’s Climate Odyssey: Transformative Initiatives, Challenges, and the Pursuit of Resilience
Climate change is a global phenomenon with local consequences, and it casts a formidable shadow over Kenya. The country is particularly vulnerable to the impacts of climate change due to its reliance on rain-fed agriculture, which is the backbone of its economy. Climate change has led to frequent droughts, unpredictable floods, and extreme weather events […]
Nigeria Records Success at COP28
THE INFRASTRUCTURE CORPORATION OF NIGERIA, THE AFRICAN GREEN INFRASTRUCTURE INVESTMENT BANK AND SOLARGE INTERNATIONAL BV ANNOUNCE THE INTENTION TO MANUFACTURE LIGHTWEIGHT SOLAR PANELS WITH AN ULTRA-LOW CARBON FOOTPRINT IN Nigeria
Loss and Damage Fund Pledges Hits $456M as COP28 Kicks off in Dubai
This L & D fund purse which has been on the conversation table since the 1990’s finally reached a significant milestone on the first day of COP.
African Leaders Must Prioritize Human Rights and Climate Justice at COP28
In a bid to rectify past mistakes and ensure a stronger focus on human rights and climate justice, African leaders are gearing up for the much-anticipated Conference of the Parties (COP28) to the UNFCCC in Dubai. This follows the inaugural Africa Climate Summit where the Nairobi Declaration on Climate Change and Call to Action fell […]
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 […]
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 […]