Osinbajo arrives in New York for African carbon market meeting
Vice President Yemi Osinbajo has arrived in New York to attend a high-level meeting on the African carbon market to mobilise funding and technical support for the Nigerian Energy Transition Plan.
Mr Osinbajo arrived in New York on Wednesday night and was received by Nigeria’s ambassador to the U.S., Uzoma Emenike.
The Nigerian vice president will deliver the keynote address at the meeting hosted by Rockefeller Foundation in New York on Friday, according to a statement by his media aide Laolu Akande.
Mr Osinbajo will participate in the meeting with global agencies and potential financial partners in attendance to facilitate the activation of the voluntary carbon market in Nigeria and on the African continent.
The Global Energy Alliance for People and Planet, GEAPP; UN-Sustainable Energy for All, SEforALL, the UN’s Economic Commission for Africa and the UN Climate Change High-Level Champions, all of whom have been advocating and actively planning for the African Carbon Market Initiative are expected at the meeting.
Ahead of the high-level meeting, Mr Osinbajo will, on Thursday, interact with some agencies with whom the Nigerian government has been engaging on the Energy Transition Plan and the activation of the voluntary carbon market, including GEAPP and Bloomberg Philanthropies.
An International Steering Committee is driving the activation of African carbon markets under the auspices of the African Carbon Market Initiative (ACMI).
Members of the committee include Mr Osinbajo, former president of Colombia, Ivan Duque Marquez, officials of the United Nations, United States Agency for International Development, and the Gates Foundation, among others.
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