The United States Government is to commit $200 million to the start-up process on Clean Energy Demand Initiative to help address climate change in the country.
The U.S. Special Presidential Envoy for Climate, Mr JohnKerry, made the commitment when his team paid a courtesy visit to the Minister of Environment, Mr Mohammed Abdullahi, in Abuja on Tuesday.
Kerry, who also signed an Memorandum of Understanding (MoU)with the minister on the initiative, said the programme started in Glasgow. According to him, the initiative is a way by which companies and countries can make decisions to implement buying or production of green products.
“The initiative is also to accelerate the market place creation, so that it will help transition programmes faster and help to achieve a clean energy economy as well as dealing with the climate crisis. “
The minister has agreed to the letter of intent. We have 200 million dollars at the moment committed to the startup in the process of safety,” he said.
Kerry said the initiative would take a lot of billions of dollars and trillions of investment in the country.
”We talked today about the ways in which we can be helpful to bring a major amount of capital to the table with technology to help Nigeria move faster to the clean energy economy.
“That is the future and all of the citizens of Nigeria will benefit from cleaner air,” he said.
He said that the programme would provide job opportunities and develop the economy as well as promoting a healthy environment in the country. NAN
