Nigeria is betting big on carbon markets, unveiling a new framework it hopes will generate up to $3 billion annually by 2030 while positioning the country as a climate-finance hub. Approved by President Bola Tinubu, the policy opens pathways for large-scale carbon trading across energy, agriculture, forestry, waste, and industry. The government plans to focus first on voluntary and international markets, before introducing a domestic emissions trading system and carbon tax. To attract investors, the framework offers tax breaks, incentives for low-carbon projects, and stricter quality controls. While global carbon markets face skepticism, Nigeria is pressing ahead, framing it as both an economic strategy and a pillar of its net-zero ambitions.
Bloomberg
