- Mainstream Energy Solutions Limited (MESL) has secured carbon credits from Netzence Sustainability Limited, advancing Nigeria’s efforts to reduce emissions and foster a low-carbon economy.
- The partnership will enhance MESL’s sustainability credentials and contribute to Nigeria’s carbon registry, supporting the country’s climate and United Nations Sustainable Development Goals (SDGs).
Mainstream Energy Solutions Limited (MESL) has secured carbon credits from Netzence Sustainability Limited (Netzence), marking a significant step in Nigeria’s efforts to combat climate change and promote a green economy.
Dr Sadiq Sani, Founder and CEO of Netzence, announced the development, highlighting its importance in establishing a robust carbon registry in Nigeria, which is vital for addressing climate change and fostering economic growth.
Carbon credits are a key component in the global fight against climate change, and this agreement represents a significant milestone for Nigeria’s environmental initiatives. Each carbon credit corresponds to reducing one metric ton of carbon dioxide (CO2) emissions, offering a tangible way to measure and mitigate the impact of greenhouse gases (GHG).
By securing these credits, MESL strengthens its sustainability credentials and plays an active role in Nigeria’s low-carbon economy. Dr. Sani emphasised the significance of carbon credits in achieving the United Nations Sustainable Development Goals (SDGs), which aim to create a sustainable future through global cooperation.
“The carbon credits, which can be monetised in real-time, will help advance the SDGs while supporting Nigeria’s environmental and economic objectives,” he said. These credits are critical for implementing policies that reduce global GHG emissions, and the collaboration between MESL and Netzence aligns with national goals and global sustainability targets.
As part of Nigeria’s broader effort to establish a comprehensive carbon registry, this partnership is crucial for improving the country’s capacity to monitor and manage emissions across various sectors. A national carbon registry will enable Nigeria to track progress toward emission reduction targets, facilitating the implementation of carbon trading schemes and attracting climate finance investments. This, in turn, can fuel the growth of sustainable technologies in the country.
The collaboration between MESL and Netzence also exemplifies how technology and innovation can be harnessed to mitigate carbon emissions and drive economic prosperity. MESL can access innovative practices to enhance its operational efficiency and sustainability efforts through this partnership.
These technologies are expected to benefit various sectors, from renewable energy production to waste management, by cutting emissions and contributing to a greener economy. Ultimately, this development underscores the growing importance of sustainable practices in Nigeria’s economic transformation, offering new opportunities for investment and innovation in pursuing a low-carbon future.