Regulatory Guidance on Nigeria’s Carbon Market Approach -The NCCC has conducted a preliminary analysis for an appropriate governance framework and processes for the proper implementation of cooperation mechanisms under Article 6.
The NCCC will leverage its network of institutional partners like Government MDA’s, Central Bank of Nigeria, Ministry of Petroleum Resources, UNFCCC, UNDP, World Bank etc and the private sector, to prioritize carbon market access through the cooperative approach as outlined in the Paris Agreement.
The NCCC wishes to highlight the importance of domestic private sector operators to the success and attractiveness of Nigeria’s carbon market and seeks to encourage their participation by ramping up the decarbonization of their respective value chains. For obvious reasons, the NCCC will be paying close attention to industry-specific methane abatement efforts under its mandate.