Nigeria positions for $2.5 billion carbon market as UNDP sets 2030 target for Africa

The United Nations Development Programme(UNDP) says that Africa will need $250 billion annually to achieve climate objectives by 2030.

This is even as President Bola Ahmed Tinubu’s administration seeks to minimize Nigeria’s carbon emissions, thereby enhancing the country’s entry into the lucrative $2.5 billion carbon market.

The financial requirement for the continent was disclosed in UNDP’s new Africa Green Business and Financing Report published on its website on Tuesday, May 21, 2024.