For a nation too long distracted by crude oil earnings, $1 billion earning possibilities exist for nationals, subnationals and organisations interested in exploring revenue opportunities in carbon finance, experts familiar with the green energy initiative have disclosed.
According to Nigeria Country Representative of World Council for Renewable Energy (WCRE), Stanley Igwebuike, the mean size of low-carbon investments required in energy and transportation between 2018 and 2035 to provide needed ‘2°C world’ is about $6.78 trillion a year, i.e. about 5.7 per cent of projected global GDP.
Speaking during a recent webinar organised by IGR Initiative, the carbon finance expert said that nationals and subnationals could generate up to $50 million per month depending on the number of projects and the depth of the decarbonization projects they are able to achieve through green house friendly projects.
Read more at Newtelegraphng
According to Nigeria Country Representative of World Council for Renewable Energy (WCRE), Stanley Igwebuike, the mean size of low-carbon investments required in energy and transportation between 2018 and 2035 to provide needed ‘2°C world’ is about $6.78 trillion a year, i.e. about 5.7 per cent of projected global GDP.
Speaking during a recent webinar organised by IGR Initiative, the carbon finance expert said that nationals and subnationals could generate up to $50 million per month depending on the number of projects and the depth of the decarbonization projects they are able to achieve through green house friendly projects.
Read more at Newtelegraphng