The house of representatives has asked the federal government to “immediately” implement the carbon credit scheme to mitigate the impact of climate change in the country.
The carbon market is a trading platform whereby carbon credits earned by one industry can be purchased by another to make up for their pollution.Leading the debate on the motion, Onuigbo said the devastating impact of climate change has taken a toll on the country with desertification “racing southward at a speed of 0.6km per annum” and gully and coastal erosions destroying communities and farmlands, thus drying up Lake Chad.
“The Paris agreement on climate change signed by Nigeria on September 22, 2016, and other international conventions, including the Kyoto protocol is one of such international conventions adopted in 1997 which came into force in 2005 to reduce man-made greenhouse gas emissions, and Nigeria has a responsibility to implement them internally,” he said.