The Federal Government has called on governments to make swift progress on taking forward climate action and finalising the rulebook of the Paris Agreement on climate change, The Guardian reports.
Minister of State for the Environment and Head of Nigeria’s delegation, Ibrahim Usman Jibril, made the call at a joint high-level segment of the United Nations (UN) climate conference, which ends today. The 23rd session of the Conference of Parties (COP23) attracted ministers from around the world and about 25 Heads of State and Government. Negotiations at the technical level have been reasonably successful.
Jibril, who supported the call from the African member-states on climate change actions based on the principles and provisions of the convention and to ensure that differentiation is clearly reflected, said up-scaling funding to address the impacts of climate change on livelihoods and ecosystems through an over-arching financial architecture to finance adaptation and mitigation measures is of high priority to Nigeria.
He said Nigeria had developed a robust national sectoral action plan across the five priority sectors; and had also embraced issuance of green bonds as an alternative source of funding green projects that would reduce emissions and provide robust climate infrastructure needed in Nigeria.