Source · Select Committees · Foreign Affairs Committee
Recommendation 13
13
Paragraph: 37
What is needed to support Nigeria in its efforts to reduce CO2 emissions and adapt...
Conclusion
What is needed to support Nigeria in its efforts to reduce CO2 emissions and adapt to its impacts is a package of targeted investment in both tangibles and intangibles which addresses multiple issues simultaneously. Interventions which will bear the most fruit for citizens of Nigeria and the UK will be characterised by their provision of cash to finance sustainable infrastructure investment in green innovations, and a long-term commitment to Nigeria to help embed the change.
Paragraph Reference:
37
Government Response
Acknowledged
HM Government
Acknowledged
We partially agree with this recommendation. The UK supports regional climate initiatives through institutions such as the Green Climate Fund, Global Environment Facility, African Development Bank and the World Bank – we estimate that over $300m is being put into the Lake Chad Basin climate space from these institutions over the next five years. However, we assess we can deliver more effective support from our funding through our bilateral programming, where we are supporting effective climate-smart agriculture and land regeneration at a cost of less than £20 per tonne of CO2 equivalent and leveraging large amounts of private sector investment, including from UK companies such as ReGen Farms and potentially international banks such as Rabobank. We will increase engagement with the multilateral initiatives working on regional multilateral climate programming to share lessons learned from our bilateral programming, and work closely with Nigeria-only programmes such as the World Bank’s ACRESAL (Arid Land Programme) to increase its impact and synergises with our own programming.