NDDC seeks investments in solar power, carbon credits to combat climate change

Thank you for reading this post, don't forget to subscribe!

The Managing Director of the Niger Delta Development Commission (NDDC), Samuel Ogbuku, has hinted that the commission would make investments in solar power in line with the Sustainable Development Goals (SDGs) to address issues of climate change in the country.  

Ogbuku spoke when a delegation from the Asteven International Company paid him a visit and made a presentation on Renewable Energy and Carbon Credit at the NDDC headquarters in Port Harcourt.

He said: “Our target is that every community in the Niger Delta region will be powered by solar; which is renewable and a cheap form of energy. In addition to this, we shall create industrial clusters to be powered by solar which will help in improving the agricultural value chain.”

Ogbuku in a statement signed by the commission’s Director, Corporate Affairs, said the NDDC had demonstrated its dedication to climate change matters by collaborating with a US-based firm and complying with the National Council of Climate Change.

He said: “Solar power has the dual benefit of helping people with projects and building carbon credits. We expect to recover the carbon credits we have garnered so far. Such recovered funds can be reinvested”.

In his remarks, the President of the Council on Renewable Energy, Dr. Sunny Akpoyibo, pledged support to NDDC in developing projects with carbon values.

He added: “NDDC should work towards getting a return on sustainable development. The Commission needs to unlock trapped values in its projects.”

Asteven International Company, during its presentation, highlighted the global significance of NDDC’s green projects.

The firm assured the commission of its assistance in monetising carbon credits and unlocking a substantial $2bn carbon investment potential in the Niger Delta region.

The Executive Director of Asteven Group, Prof. Magnus Onuoha, underscored the centrality of the Niger Delta in the international climate change discourse and urged NDDC to actively engage experts for climate finance and technology support.

The statement said NDDC’s investments in solar power and carbon credits aligned with SDGs, particularly Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action) adding that such initiatives reflected the commission’s commitment to sustainable development and climate resilience in the Niger Delta region.

-The Nation

Spread the love