Sustainability and carbon market news
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Carbon credits
Cookstoves
Verra
Nigeria
The voluntary carbon market (VCM) is currently undergoing a structural shift toward high-integrity assets, and a recent development in Nigeria marks a pivotal moment in this transition. For the first time, the US-based standard Verra has issued carbon credits for a clean cookstoves project that carries the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP) quality label. Photo courtesy of UpEnergy, the UpEnergy – Social and Climate Impact Programme – Nigeria (Verra Project 2673), Source:...
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Nature-based solutions
Nigeria
Carbon project
Nigeria has taken a decisive step toward shaping its participation in global carbon markets with the release of its National Carbon Market Framework (NCMF) and the accompanying Manual of Procedures (MoP). The newly approved documents outline a...
Africa
Governments
Cookstoves
Nigeria
Nigeria has unveiled an ambitious plan to distribute 80 million clean cookstoves nationwide, beginning with 6 million units in the Lagos State. The initiative is part of a broader strategy to generate carbon credits by reducing emissions from...
Nigeria
Paris Agreement
Article 6
Singapore
COP29
COP29 has become a pivotal moment for advancing global environmental cooperation, with significant progress under Article 6 of the Paris Agreement. As nearly 200 nations gather to address the urgent environmental crises, partnerships and new...
Carbon credits
Carbon markets
Nigeria
South Africa
Nigeria and South Africa are taking a significant step toward strengthening carbon markets in Africa. The Nigerian Securities and Exchange Commission (SEC), Nigerian Exchange Group (NGX), and Johannesburg Stock Exchange (JSE) have joined forces to...
Biodiversity
Wildlife
Nigeria
Biodiversity credits
Nigeria has introduced a National Elephant Action Plan (NEAP) as part of its commitment to prevent the extinction of its dwindling elephant population and to bolster wildlife conservation efforts. Two elephants roaming the diverse forests of...
Carbon markets
Nature-based solutions
Africa
Nigeria
This week marks a significant milestone for Nigeria as Vice President Senator Kashim Shettima is set to initiate the committee for the country’s Carbon Market Activation Plan, a move orchestrated by President Bola Ahmed Tinubu. The plan, endorsed by...
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