Netzence Sustainability Limited, Netzence, has commenced an initiative to start on-boarding facilities in Nigeria for carbon incentives.
The company, in a statement, signed by its CEO, Dr. Sadiq Sani, said it presented an opportunity for Nigeria to reduce its carbon footprint and provide the groundwork for building effective carbon registries.
The statement said as one of the largest economies in West Africa, Nigeria must balance rapid industrial growth with sustainability.
The statement reads: “In a world increasingly aware of the consequences of climate change, Nigeria finds itself at a crossroads where economic growth and environmental sustainability must coalesce.
Recognizing the need for innovative solutions to combat environmental challenges, Netzence has announced a pioneering initiative to start onboarding facilities in Nigeria for carbon incentives.
“Carbon incentives refer to mechanisms and programs designed to encourage the reduction of greenhouse gas emissions. “These incentives can take various forms, including carbon credits, tax breaks, and grants for businesses that implement sustainable practices. By creating a market for carbon offsets and promoting sustainable practices, countries can reduce their carbon footprints and work towards their climate commitments.
“The Founder and CEO of Netzence in Abuja stated that building Carbon Registries allows for Informed Decision-Making. One of the fundamental components of Netzence’s initiative is the establishment of carbon registries across Nigeria. A carbon registry is a comprehensive system that tracks carbon emissions and the reduction efforts of various facilities and sectors. “By accurately measuring and recording emissions, Nigeria can gain insights into high cluster areas—regions or sectors that disproportionately contribute to greenhouse gas emissions.
“Understanding these high cluster areas is crucial for Nigeria for several reasons including, targeted interventions; providing data-driven strategies; building public awareness and engagement; enhancing sustainability in key sectors; investing in power sector, agriculture; job creation and economic opportunities, among others”.
Source:
https://www.vanguardngr.com/2024/11/netzence-drives-carbon-incentives-for-greener-nigerian-economy/#google_vignette
