Nigeria is targeting as much as $3 billion a year in carbon-market revenue after approving a framework that opens one of Africa’s largest economies to large-scale trading of emission allowances.
President Bola Tinubu late Monday approved the implementation and operationalization of a carbon market framework that estimates revenue generation of at least $3 billion a year by 2030. The government seeking to tap emissions-reduction potential across the energy, agriculture, forestry, waste and industrial sectors.