Thursday, February 9, 2023

Osinbajo arrives in New York for African carbon market meeting

Mr 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.

• December 8, 2022
Vice President Yemi Osinbajo in a plane
Vice President Yemi Osinbajo in a plane

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.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

U.S. Consulate in Lagos

Lagos

Lagos sees over 200% rise in visa approvals as U.S. intensifies consular services after COVID-19 pandemic

In Lagos, 42,329 American visas were approved in the year 2022 alone, a high figure compared to the 11,533 visas granted in 2021.

Peter Nwaoboshi

Anti-Corruption

N805 Million Fraud: Delta senator Nwaoboshi finally lands in prison after hiding for months

On July 1, 2022, the Lagos Division of the Court of Appeal sentenced Mr Nwaoboshi to prison after it convicted him on a two-count charge of money laundering.

Armed herdsmen

Port Harcourt

Ijaw leaders raise alarm over influx of armed herdsmen into Niger Delta

They called on “the Niger Delta states to properly enforce their anti-open grazing laws and protect lives and property.

Paradigm Initiative (PIN)

NationWide

PIN launches new project to provide digital security for Nigerians 

PIN developed the Ayeta toolkit—named after the Yoruba word for “bulletproof”—to give human rights activists tips on digital security.

APC and PDP flags

Politics

PDP, APC oppose election postponement

The two major political parties in Nigeria have spoken against the touted postponement of the general elections billed for February 25 and March 11.

Trading floor

Economy

Indices up by 0.23% at equities market 

The market capitalisation which opened at N29.575 trillion inched higher by N69 billion or 0.23 per cent to close at N29.644 trillion.