- Prof. Yemi Osinbanjo proposes five climate action goals for Nigeria to achieve before COP28.
- The Federal Government is attempting to address the nation’s challenges with climate change.
Professor Yemi Osinbajo, the vice president of Nigeria, has stated five objectives that should be met by COP 28, which is anticipated to take place in Dubai from November to December 2023.
Osinbajo made this known while giving a speech at a meeting on the African Carbon Markets Initiative (ACMI) at the Rockefeller Foundation in New York over the weekend, according to a statement from the Senior Special Assistant to the President on Media and Publicity (Office of the Vice President), Laolu Akande.
Osinbajo stated that the Federal Government is attempting to address the nation’s challenges with climate change.
Osinbajo, in his speech, said, “By COP 28, we need to be able to show actual results. Therefore, I would propose that by COP 28, we should be able to deliver the following five things:
- At least five countries should have developed country activation plans. Nigeria will be one of them.
- We should have Advanced Market commitments of over $1 billion
- We should be developing new projects based on new methodologies and realities of Africa, like diesel replacement credits
- We should be scaling up more than a dozen project developers or carbon credit suppliers as they would be known then
- And most importantly, by COP 28, we should have retired more than 40 million carbon credits on the continent.”
While responding, the US Presidential Envoy on Climate Change, Senator John Kerry, said it is possible to create a high-integrity carbon market to address climate change and African development aspirations. Senator Kerry added that the developed world must be able to support the climate crisis and expressed delight that all parties are joined together to acquire financing.