President Muhammadu Buhari has pledged that Nigeria would cut its emissions to net zero by 2060.
The President said this Tuesday in Glasgow, Scotland in his address at the high level segment for heads of state and government at the ongoing 26th Conference of Parties (COP26) to the United Nations Framework Convention on Climate Change.
The President while Delivering his national statement at COP26 Leaders’ Summit, explained that attaining national and global climate change goals will require adequate and sustained technical and financial support to developing countries.
He said greater effort should be channelled towards assisting developing nations to meet their ‘‘Nationally Determined Contributions (NDCs) commitments through the pledges made by the developed countries to provide at least $100 billion yearly.’
President Buhari noted that easier access to climate finance had become imperative in view of the COVID-19 pandemic, which has affected the the economies of developing countries.
Making a case for gas-based energy transition in Nigeria, President Buhari requested international partners to finance projects using transition fuels such as gas in Nigeria.
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Acknowledging that net zero ambition can lead to economic transformation across all sectors, the Nigerian leader said it would require critical infrastructure to be in place.
President Buhari also told the COP26 Leaders’ Summit that Nigeria has developed a detailed energy transition plan and roadmap based on data and evidence
On green projects in the county, the President declared that Federal Government agencies have been directed to ensure the inclusion of projects with Climate Change credentials in the budget.
The President noted that the outcome of the Conference must result in quick resolution of all outstanding issues pertaining to the finalization of the Paris Agreement Rulebook, Adaptation, Mitigation, Finance, Article 6 and Loss and Damage.
Editor: Hadiza.A.A
