Friday, December 3, 2021
DOWNLOAD THE WOMEN IN ENERGY GLOBAL STUDY 2.0
HomeEnergy Live NewsNigeria ‘first major developing nation’ to set carbon budgets

Nigeria ‘first major developing nation’ to set carbon budgets

Nigeria has pledged to set annual carbon budgets on its journey to achieving net zero emissions – making it one of the first major developing nations to do so.

The commitment follows its pledge to achieve net zero by 2060, which President Muhammadu Buhari signed during the COP26 climate summit.

The African nation will now set carbon budgets every five years to track its progress in mitigating emissions.

The carbon reduction strategy is based on the UK’s Climate Change Act from 2008, which set regular carbon budgets and will receive help from the British embassy in Abuja.

Nigeria is the continent’s largest oil producer and most populated country – so many have labelled this a big step in the right direction for African climate governance.

The US, Japan and Germany are some major emitters that have not set carbon budgets, so Nigeria is hoping to be a trailblazer not just for the developing world but also more developed nations.

Its first budget will be announced in November 2022, with one-year and five-year reduction aims.

Energy Live Newshttps://www.energylivenews.com/
This article first appeared on ENERGY LIVE NEWS. Energy Live News (ELN) is a multi award winning independent publishing and events company. We are the UK’s leading dedicated daily news site covering energy. We make energy issues easy to understand and appeal to both the b2b sector and general consumer. We are independent, fair and outspoken in our coverage and we aim to be the place to come to for easy to understand energy news. We have won awards for our journalism. ELN also has an events arm which is also multi-award winning with industry leading conferences and awards. Our flagship conference is ENERGY LIVE EXPO, which is the must-attend event of the year and is regularly headlined by Energy Ministers and CEOs from across the sector. And our ENERGY LIVE CONSULTANCY AWARDS which won Best New Awards Event 2017, is now the gold standard accolade for UK energy broker market. Hit the web and social links below to visit Energy Live News across the web.
- Advertisment -

Most Popular