Climate Change remains one of the focal areas of the Federal Government of Nigeria for both its global importance, and most especially, its threats to the existence of Nigerians. The country is vulnerable to the impacts of climate change.
We have the desertification process advancing southward and potential submergence of the 853 kilometers stretch of coastline along the Atlantic Ocean. For these and many other reasons, we can’t but continue to implement both the Climate Change Convention and its related Kyoto Protocol at international as well as national levels.
We have participated in further negotiation of some issues including Special Climate Change Fund (SCCF), inequitable distribution of Clean Development Mechanism (CDM) projects in the developing countries, Adaptation Fund, Deforestation.
At the national level, we have secured funding for the preparation of Nigeria’s Second National Communication. Execution of the Project is expected to commence before the end of this year. Consideration of a proposal on Capacity Development for Clean Development Mechanism submitted for funding is at the advanced stage.
Nigeria has been elected to the Executive Board of CDM by the African Group during the last Climate Change Conference held in Nairobi from 4 – 17 November 2006. The CDM Executive Board undertakes consideration and approval of developed CDM methodologies and projects.
A project “Recovery of Associated Gas that would recover otherwise to be flared gas at Kwale Oil-Gas Processing Plant” has been registered by the CDM Executive Board. This is the first CDM project in Nigeria and Sub-Sahara Africa. This project, by international standard, is a mega project with projected emission reductions of 1.9 million tons of Carbon Equivalent per year. At a pre-trading price of $10 – 15 USD per ton of CO2 equivalents, the project on course is to generate an estimated minimum of $200m USD over the next 10 years which is the life span of the project. Another project – a Co-generation project by the GEOMETRICS – is to produce 142 mega watt of electricity for the town of Aba.
A new CDM Methodology for Sulfur hexafluoride SF6 developed by Nigeria has been approved by the Methodology Panel of the CDM Executive Board. This methodology is to be generically known as “Nigeria’s SF6 Methodology”. Thus Nigeria remains a point of reference by any Project using this methodology in future. Meanwhile, there are 22 CDM projects in the pipeline, of which the Afam Power Project is a major one which would deliver 926 mega watts to the grid and reduce emissions by nearly 2 million tons.
Due to the importance attached to the issue of climate change and global warming, and in view of the enormity of activities required for the implementation of the Climate Change Convention and the Kyoto Protocol, the then president olusegun Obasanjo graciously approved the establishment of a special Climate Change Unit as a parastatal in the Federal Ministry of Environment, that will serve as a vehicle for driving national climate change efforts.