Climate Finance

Global Youth at COP29: Bridging the Gap Between Demands and Outcomes

Leave a Comment / Azerbaijan, Climate Action, Climate Change, Climate Finance, COP29, Environmental Issues, World /

The 29th United Nations Climate Change Conference (COP29), held from November 11 to 22, 2024, in Baku, Azerbaijan, spotlighted the critical demands of global youth for climate action. This year’s conference featured the Loss and Damage Youth Coalition (LDYC) as a key voice advocating for a sustainable and equitable climate future. The LDYC’s contributions to […]

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FG earmarks N127.27bn for agric intervention fund

Leave a Comment / Agriculture, Climate Action, Climate Finance, Economy, Greener Future, Nigeria /

The Federal Government has unveiled a plan within the proposed 2025 budget, allocating N127.27 billion to drive fertilizer production and enhance food security. This strategic intervention reflects the government’s renewed commitment to curbing inflation, bolstering farmers’ incomes, and ensuring sustainable food supply chains. According to details of the budget, Nigeria’s fertilizer sector is on the

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COP29 Paves the Way for Global Carbon Credit Market with Groundbreaking Agreement

Leave a Comment / Clean Energy, Climate Action, Climate Change, Climate Finance, COP29 /

The COP29 climate conference concluded with a landmark agreement on Saturday, setting the foundation for a global carbon credit trading market. The deal is expected to channel billions of dollars into climate projects aimed at curbing global warming. The agreement, reached after nearly a decade of discussions, seeks to establish a credible and transparent system

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Nigeria, Saudi target deals in energy, agric sectors

Leave a Comment / Agriculture, Climate Action, Climate Finance, Economy, Energy, Nigeria, Nigeria 🇳🇬 & Saudi Arabia 🇸🇦 /

President Bola Ahmed Tinubu and Saudi Crown Prince Mohammed bin Salman have agreed to explore ways to bolster Nigeria’s economy through energy, agriculture, and infrastructure.                        They also considered establishing a Nigeria-Saudi Business Council to drive bilateral ties between the two oil-producing nations. The two leaders resolved on these at the sidelines of the Joint Arab-Islamic

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Nigeria eyes 1,500MW renewable boost with new REA, Afnani MoU

Leave a Comment / Clean Energy, Climate Action, Climate Change, Climate Finance, Economy, Energy, Nigeria /

The Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MoU) with Anfani Energy Limited to catalyze funding and technological innovation for the implementation of 1,500MW renewable energy projects in the next three years. The Federal Government has already provided $ 750 million to attract $ 1.1 billion in funding from private investors for

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UNEP Warns Urgent Action Needed to Close Emissions Gap, or 1.5°C Target May Be Lost

Leave a Comment / Climate Action, Climate Change, Climate Finance, COP29, Environmental Issues, G20, World /

According to a new UNEP report, the agency has warned that urgent global action is essential to close the emissions gap and prevent surpassing the 1.5°C climate target. Nations must dramatically scale up their climate commitments to avoid surpassing the Paris Agreement’s 1.5°C target, according to a new report from the UN Environment Programme (UNEP).

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South West States Mull Farmer’s Mart To Tackle Food Insecurity

Leave a Comment / Agriculture, Climate Action, Climate Change, Climate Finance, Integrated Economy, Nigeria /

As part of measures to tackle the problem of food insecurity, South – West states have said they are considering establishing a farmer’s market, where farm produce will be sold at cheaper prices to the people. The Region’s president of the Chambers of Commerce, Industry, Mines and Agriculture, Chief Wole Akinwande, revealed this on Monday

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President Tinubu Praises NIPCO for Investments in Nigeria’s CNG Sector

Leave a Comment / Clean Energy, Climate Change, Climate Finance, Economy, Energy, Greener Future, Nigeria /

In a statement made available today October 22, 2024 by Bayo Onanuga, the Special Adviser to the President on Information & Strategy said President Bola Ahmed Tinubu, GCFR has commended NIPCO for its significant investments in Nigeria’s Compressed Natural Gas (CNG) sector. During a meeting with the company’s executives at the State House in Abuja,

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$8 Trillion Opportunity in Sustainable Cooling for Developing Economies, Says IFC and UNEP Report

Leave a Comment / Africa, Clean Energy, Climate Action, Climate Change, Climate Finance, World /

Developing economies stand to benefit from an $8 trillion opportunity through the adoption of sustainable cooling solutions, according to a new report from the International Finance Corporation (IFC) and the UN Environment Programme (UNEP)-led Cool Coalition on 25th September 2024, New York. The report, titled Cooler Finance: Mobilizing Investment for the Developing World’s Sustainable Cooling

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BREAKING: Fed Govt Set Up Disaster Relief Fund

Leave a Comment / Climate Action, Climate Change, Climate Finance, Environmental Issues, Flooding, Nigeria /

This was made available on September 23, 2024, on news reports of the Veracity Newsdesk that the Federal Government of Nigeria has established a disaster relief fund to address disasters such as flooding. This was disclosed to journalists on Monday by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the State

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