After the conclusion of COP30 in Brazil, the focus now is implementation of climate commitments. Carbon markets have emerged as a key mechanism and GLOBE’s 2025 guide to carbon markets and Article 6 brought this issue centre stage for parliamentarians.
With the Nigeria Climate Investment Summit at London Climate Action Week (LCAW2026), GLOBE Legislators is teaming up with @besostainable to bring Nigerian and UK stakeholders from the legislature, executive, and investment community to capitalise on Nigerian’s new national carbon architecture for climate action.
This piece by our partners at @besostainable explains the new climate opportunity agenda in Nigeria, set in motion by the country’s Climate Change Act 2021, sponsored by GLOBE’s President Designate, Hon. Samuel Onuigbo MP.
In 2025, President @officialABAT strengthened this legal architecture by approving the National Carbon Market Framework (NCMF), activating the Climate Change Fund, and reinstating the National Council on Climate Change (NCCC) in the national budget. These steps have strategically positioned Nigeria to harness its natural resources in support of a green economy and potentially unlock up to $3 billion annually in carbon finance over the next decade.
But for this vision to succeed, effective systems anchored in the rule of law must be put in place. Members of Parliament have an important role to play in turning carbon markets from a policy announcement into a credible and investable framework. To build confidence and public trust, MPs must legislate, budget, oversee, and safeguard equity.
📘 Check out the "Parliamentary Guide to Article 6 and Carbon Markets" for practical insights on how legislators can effectively engage with carbon market mechanisms: https://t.co/873KEv136v
🔗 Read more: https://t.co/owDDvMEFZl
@UKinNigeria@NGRSenate@HouseNGR@NigeriaAPPG@Climategovng