Vice President Yemi Osinbajo says some of the goals of the Federal Government in pursuing a just Energy Transition agenda is seeking among other issues, adequate Climate Finance especially through the African Carbon Market Initiative, ACMI.
He spoke while receiving a delegation from the US-based Rocky Mountain Institute, an international think-tank involved with the issue of energy transition for the last 40 years.
Vice President Osinbajo had earlier virtually participated in a progress meeting of the international African Carbon Market Initiative Steering Committee where the progress of the plans on broadening the market in Nigeria and Africa had been reviewed.
He said the Federal Government would be working on issues of Climate Finance, specific projects that will advance the 2060 Net-Zero target of Nigeria and exploring the possibility of electric vehicles in the country.
Jon Creyts, CEO of Rocky Mountain Institute expressed readiness to partner with Nigeria on the Federal Government’s Energy Transition Plan since this was a commitment that is shared by the institute as well.
At the meeting of the African Carbon Market Initiative, the Steering Committee noted that it plans to attain $1billion in total commitments by buyers before COP28 later this year.