Nigeria signs LOI to drop agricultural emissions by 74m tonnes in 8 years
During the meeting between FG officials and US Special Envoy on Climate Chane, John Kerry, stated that the US has set aside $12bn to help many countries mitigate the impacts of climate change. He also said that Nigeria was one of the African countries to be disproportionately affected by climate change. According to Business Standards, he noted that a significant part of Lagos could be submerged under water by 2050 due to climate change.
“Emissions from Nigeria or anywhere in the world would affect the earth. So, how do we work on it together? What do we do? Well, the problem of the climate crisis is the emissions,” Kerry was quoted as saying.
“What we don’t want to have happen is that Nigeria and other countries make a decision that they’re going to build out a capacity infrastructure that is going to undo what we’re trying to do and set us back. Now, we had a huge amount of agreement in our conversation.
“The minister made it very clear to me that Nigeria intends to be thoughtful about these 10 years. But beyond that, realising that we have this cushion here, we have a few years during which gas will be part of the transition.
No question. But after you get past those 10 years or so, everyone is going to have to be on a glide path where you’re reducing emissions, because otherwise, we can’t reach net-zero by 2050.”
Kerry also promised that the US would double the amount of money going into adaptation and resilience as the Biden administration had put together the “President’s Emergency Programme for Adaptation and Resilience” and has put “$12bn on the table to help countries do the needful.”
Meanwhile, the African Development Bank has estimated that Africa would been between $1 and $2 trillion yearly till 2030 to mitigate the effects of climate change. The US is also the second highest global contributor to emissions at 11% as of 2019, according to the World Bank.
