The Minister of Environment, Mohammed Abdullahi has said that the country will focus on sustainable funding mechanism that will drive nature based solution to mitigate the impact of climate change at the coming Conference of Parties (COP) 27, in Egypt.
Abdullahi while speaking in Abuja at a press briefing on Nigeria’s preparations for the forthcoming 27th Conference of Parties, COP 27 held stated that the funding mechanism will focus on solution such as land restoration, reforestation,
combating desertification, climate smart-agricultural practices as
well as adaptation strategies.
According to Abdullahi, Nigeria will also seek collaboration and support on sustainable waste management, renewable and clean energy provision, and finance
for loss and damage.
“Nigeria will push for developed countries to fulfil financial pledges to
aid in tackling the climate crisis”.
Abdullahi explained that the expected outcomes of Nigeria’s participation will include increased partnership building that help Nigeria achieve its emission
reduction targets, address adaptation and mitigation, establish sustainable financing for climate actions, resilience building, poverty eradication, Energy Transition and sustainable development.
He added that Nigeria, will not take a position of ‘know it all’ but will align with the West Africa region’s identification of the thematic issues faced by the
continent and the group’s interim position on each which includes doubling adaptation finance by 2025; clarification on the support arrangements to address loss and damage; closing the climate financing gap; scaling up Africa’s mitigation ambition and implementation; strengthening the linkage between technology and
financial mechanisms; the global stocktake on progress on the Paris
Agreement; transparency; gender and climate change; agriculture;
Article 6 and carbon pricing and Africa’s unique needs and particular circumstance.
Abdullahi alluded is no doubt that Nigeria’s participation at COP 27 in Egypt will
demonstrate the country’s continued commitment to addressing the
challenges of climate change at both national and sub-national
level, will align with rest of Africa on agenda items which will support
partnerships building that will help Nigeria achieve its emission
reduction targets including solidifying frameworks (as earlier alluded
to) for establishing carbon markets, address adaptation and
mitigation, establish sustainable financing for climate actions,resilience building, poverty eradication and sustainable development.
Abdullahi who launched the Nigeria’s COP27 logo on behalf of President Muhammadu Buhari stated that the logo is a reflection of Nigeria identity with ideals of COP 27 on what the Country want to achieve as a nation on the issues of Climate Change.
He said that every participant at the COP 27 must bear the National Logo.