8th November, 2013
Carbon-Plus Capital and Stakeholder Democracy Network, an international non-governmental organisation that works to empower communities in Nigeria’s Niger Delta on their engagement with government agencies, both federal-level and state-level, and international oil companies, today signed a Memorandum of Understanding to develop the Niger Delta Climate Resilience Initiative.
The Initiative will focus on scoping the potential of carbon market-based finance to play a role in placing the management of the Niger Delta’s unique ecosystem and underlying biodiversity on a sustainable footing.
The scoping project will build on a three-year research and development project and will start in 2014. Assuming the results are positive, including government support at both federal and state level, the project will lead to the establishment of a pilot to test various carbon market-based finance methodologies in 2016.