The year 2024 is programmed to be a landmark year for climate finance breakthrough for Nigeria, the Special Assistant to President Bola Ahmed Tinubu on Climate Change Matters Comrade Yussuf Kelani, has indicated.
Kelani spoke following the agreement by countries on a new global climate finance goal known as the New Collective Quantified Goal (NCQG) at United Nations Framework Convention on Climate Change (UNFCCC) SB60 Pre-COP conference.
The goal he pointed out will be a crucial marker for a successful outcome at the COP29 in Baku, Azerbaijan.
Kelani who attended the UNFCCC SB60 Pre-COP conference in Bonn, Germany explained that his presence at the conference will mark a significant turn around for Nigeria’s climate action journey
Kelani who us also a former President of the National Youth Council of Nigeria (NYCN) and a dedicated environmental activist, said the Pre-COP conference brought together representatives from various nations and stakeholders in climate action and environmental sustainability from around the globe.
“This pivotal event was held in preparation for the UNFCCC COP29, scheduled to take place in Baku, Azerbaijan, in November 2024.
“The primary focus of the conference was to develop and refine the implementation framework for the global climate finance roadmap.
“The NCQG aims to mobilize significant financial resources to support the climate needs and priorities of developing countries, including mitigation, adaptation, addressing loss and damage, and facilitating just transitions.
“A key objective of the NCQG is to provide clarity on the public funding available for developing countries to implement their next round of Nationally Determined Contributions (NDCs) and adaptation plans, which are due by February 2025. At COP28, countries agreed to submit their NDCs 9-12 months ahead of COP30, highlighting the urgency and importance of these commitments.
“Our participation in the SB60 Pre-COP conference underscored Nigeria’s proactive stance in global climate negotiations.
“Our involvement facilitated Nigeria’s engagement with global leaders, policymakers, and climate experts, enhancing collaborative efforts and reinforcing Nigeria’s commitment to climate action.
The SA on Climate Change Matters to the President highlighted that Nigeria’s active participation in the conference has yielded several benefits, including increased access to climate finance.
The discussions at the conference focused on securing substantial financial resources for developing nations through the NCQG.
For Nigeria, this translates into enhanced funding for projects aimed at mitigation, adaptation, and resilience-building.
These funds are crucial for Nigeria to achieve its climate targets and transition towards a low-carbon economy.
Another significant aspect of Nigeria’s participation in the SB60 Pre-COP conference was the emphasis on technological innovation and capacity building. Engaging with international experts and stakeholders allowed Nigeria to gain insights into the latest advancements in clean energy technologies, climate-smart agriculture, and sustainable urban development.
These insights are vital for driving domestic climate initiatives and ensuring that Nigeria leverages cutting-edge technologies to address its unique challenges.
The outcomes of the SB60 Pre-COP conference align closely with President Bola Ahmed Tinubu’s agenda for climate change and Nigeria’s commitment to the Sustainable Development Goals (SDGs).
Climate action is intricately linked to multiple SDGs, including those related to poverty eradication, food security, clean water, and sustainable cities.
By advancing its climate agenda, Nigeria is simultaneously driving progress towards achieving these interconnected goals.
Investments in renewable energy, for instance, not only mitigate greenhouse gas emissions but also provide access to affordable and clean energy, fostering economic growth and reducing poverty. Similarly, sustainable agricultural practices enhance food security and promote responsible land use, contributing to SDG 2 (Zero Hunger) and SDG 15 (Life on Land). These integrated approaches ensure that climate action efforts also deliver socio-economic benefits, thereby promoting holistic development.
President Bola Ahmed Tinubu is committed to leveraging these gains to implement effective and inclusive climate policies that benefit all Nigerians. Nigeria’s active engagement in global climate forums underscores its dedication to being a leader in climate action and a champion of sustainable development.
As posted on the Facebook page of Comrade Kelani Yussuf,
Special Assistant to President Bola Ahmed Tinubu on Climate Change Matters