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DG seeks finance models on climate change | The Nation Newspaper

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Director General of Global Centre for Law Business and Economy, Dr. George Nwangwu, has called on stakeholders to find financing models on climate change for

, has called on stakeholders to find financing models on climate change for Nigeria and Africa, saying there is fund but no bankable project to access this.

He noted besides concessionary financing, private capital is also crucial. The idea is to design financing models for Africa. “This is way beyond the reach of the continent and it is imperative Africa recieved finance that will enable it meet with its commitment. Chair of Committee on Climate Change, Sen. Seriaki Dickson, noted: “It is our responsibility to drive energy transition and financing, as Africa is faced with challenges of climate change, environmental degradation hence the need for sustainable energy fusion”.

‘’Financing this transition represents a win win scenario. There is the possibility of promoting public private partnerships, incentives and subsidies, carbon pricing, education and creating awareness., technology and innovation education as well as creating awareness.’’

 

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