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Niger State Pursues Carbon Market Opportunities

Niger State is actively seeking to engage with the global carbon market as part of its commitment under the Paris Agreement. The state aims to focus on methane reduction initiatives, particularly through landfill gas recovery projects.

Governor Moham Bago led a delegation to a high-level engagement during the United Nations Framework Convention on Climate Change (UNFCCC) meeting in Bonn, Germany. The discussions, facilitated by the state's carbon market focal officer Aliyu Umar, centered on attracting investment to enhance infrastructure in energy, waste management, agriculture, and environmental remediation.

The state is also working to streamline the issuance of Letters of Authorization (LOA) required for participation in the international carbon trade system. However, challenges such as capacity gaps across institutions and slow implementation processes have been noted as potential barriers to investor confidence.

ICA Finance has expressed interest in supporting Niger State's landfill gas recovery and methane capture project, which is part of the broader Article 6 framework of the Paris Agreement.

Plus234Feed summary based on reporting from Daily Trust. Read the original report below.

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