The federal government on Tuesday revealed plans to introduce Electric buses in Abuja in a bid to reduce emission and to fight climate change in the country.
The Minister of Environment, Amina Mohammed, disclosed this while speaking on Nigeria’s participation in the on-going COP22 conference in Marrakech, Morocco in Abuja.
Mohammed said that the project will be accessed by investing N20 billion worth of green bond which is expected to promote investments in transportation, renewable energy, bio-fuel, such as Jatropha, and gas-flaring.
She said “The green bond will come in the 2017 budget and that is when we begin to throw life into it.
“We intend to get three or four projects that succeed and it opens the pipeline for others that can come through, that is when the international bond will support us,” she said.
The minister also said the federal government, which is a signatory to the Paris Agreement 21 of the United Nations’ Framework Convention on Climate Change (UNFCCC), is committed to reducing global average temperature to 1.5 degree centigrade in alignment with global actions to reduce risks and impacts of climate change.
“The green bond itself puts together resources that channel investments into programmes that will reduce emission. In specific, for transportation in Abuja the use electric buses will reduce emission completely and an investment in that is green.
“We will also have renewable energy, so more off-grid, and mini-grid solar power is another form of bringing investments from the green bond. Third is that, we want to produce fuel from Jatropha, that requires investments in irrigation, farmers and producers. So that is green.”
The minister explained that they are putting on processes and criteria so that the Ministry of Environment will certify what is green. “So we don’t have what people call green-washing. We are working with climate bond initiative,” she added.