Tag Archives: climate change

There is growing global momentum to put a price on carbon pollution. About 40 national and 23 subnational governments have put in place carbon pricing mechanisms, covering 12 percent of global emissions. Nearly half of the national pledges submitted in the run-up to the Paris COP21 climate conference reference carbon pricing, and new approaches are being rolled out in China, ...

There are indications that Nigeria will not participate in the Signature Ceremony of the Paris Agreement scheduled to hold this week in New York. However, the nation’s representatives will grace the occasion. The Paris Agreement will be open for signature by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) on 22 April and will remain open ...

Norway’s $860 billion Sovereign Wealth Fund (SWF) has unveiled the first list of miners and power producers to be excluded from its portfolio following a ban on coal investments. The 52 companies being barred include American Electric Power Co. Inc., China Shenhua Energy Co. Ltd., Whitehaven Coal Ltd., Tata Power Co. and Peabody Energy Corp., according to a statement from ...

Of what use is it for poor nations to sign up to an agreement will add up to nothing? What would Nigeria or Africa gain by endorsing the agreement? demands Nnimmo Bassey, who is Director, Health of Mother Earth Foundation (HOMEF), as he makes a case against the Paris Agreement It is not late to stand up against the Paris Agreement that ...

The need to sustainably harness Africa’s vast reserves of natural capital and the implications of the Paris Agreement dominated the opening session of the African Ministerial Conference on the Environment (AMCEN) in Cairo, Egypt. Attended by the ministers of the environment and high-level officials from more than 40 African countries, the sixth special session of the AMCEN has “Agenda 2030 ...

The Intergovernmental Panel on Climate Change (IPCC) has decided the strategy and timeline for its next series of reports, the Sixth Assessment Report (AR6), and the special reports that will be prepared in the next few years. The Panel responded positively to the invitation from the United Nations Framework Convention on Climate Change (UNFCCC) to provide a special report in ...

Nigeria is putting finishing touches to its National Forest Monitoring Systems (NFMSs) blueprint as it relates to Reducing Emissions from Deforestation and Forest Degradation (REDD+) under the United Nations Framework Convention on Climate Change (UNFCCC). At a two-day forum last week in Abuja, the federal capital city, stakeholders attempted to tidy up a 68-page plan to implement the NFMS, which ...

Obviously, Nigeria’s power generation challenges still persist – the country’s current output has far fallen below the 5,000 megawatts peak. As pressure mounts on the President Muhammadu Buhari-led government of 11 months to revitalise the ailing sector, rather than adopting abundant harmless renewable alternative energy sources, plan is fully set to augment the dwindling power by investing heavily in coal-fired ...

The BASIC countries, a bloc of four newly industrialised nations comprising Brazil, South Africa, India and China, have committed to signing the Paris climate change agreement on 22 April in New York. The bloc, formed by an agreement on 28 November 2009, made the submission on Thursday (7 April 2016) at a Joint Statement issued at the close of the two-day ...

As countries embark on the transition to a new climate economy, there’s a debate about whether growth can drive, or even coexist with, climate stabilisation. On the other side of the coin, it’s also a discussion of whether climate stabilisation can drive growth. The debates on growth and resources are complex, fractious and centuries old, and while they won’t be resolved in the immediate ...