By Bisola Adeyemo
The Federal Ministry of Environment has engaged stakeholders in the implementation of the National Climate Actions roadmap on the outcomes of Negotiations at COP26.
The Stakeholder’s Consultative meeting started on Thursday in Abuja, engaged Stakeholders from Ministries, Departments, and Agencies (MDAs), Civil Society Organizations (CSOs), Private Sector, Media, Academia, and Youths, in planning techniques to support strategies and long-range planning, with specific technology solutions and better preparation ahead COP27 in 2022.
In his presentation on required financial strategies, Dr. Mark Olugbolahan, stated that legal frameworks and mandates on inventors obligations and responsibilities interpret climate consideration.
He said, “It is good to examine misaligned incentives and capacity value gaps along investment value chain.
“Strengthen the Natural Development banks to take stronger roles in climate actions with clear mandates and policy trajectories. Display risk mitigation measures including efforts to effectively manage current risks. Ensure availability of adequate concessional financing for low-carbon investments with the potential to create markets.
“Consistent collaboration with the private sectors in developing taxonomy, green finance solutions, technological innovations with digitalization.”
In her remarks, the Climate Change Policy Manager, British High Commission representative, Adesuwa Obasuyi, said
the British High Commission commends Nigeria for the various approaches it has taken to address climate change, with a major focus on ensuring its plans are consistent with national development priorities and using the energy sector as a key driver for economic growth.
Progress has been made on climate change governance as the government recognizes climate change as a threat to its economic prosperity and future development.
While speaking on supporting Nigeria to improve access to reliable power, Adesuwa, assured that the United Kingdom is working with Nigeria on the implementation of its climate plans including the initiatives signed up to in the lead-up to and at COP26.
“The United Kingdom will continue efforts to support the Nigerian government and stakeholders to enhance resilience to climate impacts and to transition to a greener economy and low-carbon future that positively impacts lives and livelihoods.”
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