Nigerian businesses race towards resilience and decarbonization
Across Nigeria, hundreds of climate entrepreneurs and businesses are creating innovations to support the country’s transition to a low carbon and resilient economy.
Today, at the mandated UN High-Level Event for Global Climate Action – “Racing to a Better World”- the High-Level Climate Champions, Gonzalo Muñoz and Nigel Topping, formally report to Parties on the progress made by non-state actors, and set-out the five-year plan — Improved Marrakech Partnership for Enhancing Ambition — to accelerate delivery during this decisive decade.
The event marks the culmination of the non-state actor agenda at COP26, which has sat prominently alongside the government agenda at Glasgow, and includes contributions by UN Secretary-General Antònio Guterres, COP26 President Alok Sharma, Scottish First Minister Nicola Sturgeon, and Vanessa Nakate.
With significant new commitments from real economy actors on mitigation, adaptation, and mobilization of finance, focus turns now to driving implementation. At the event, the High-Level Climate Champions alongside the Marrakech Partnership (a global alliance of more than 320 major initiatives, coalitions, and NGOs), present their five year plan, which has also been summarised today in the Yearbook of Global Climate Action.
The vision aims to deepen engagement with regional stakeholders, enhance the implementation of commitments, and develop tools for accountability. Core priorities include:
The Champions have worked over the past year to enhance integrity and track the progress and impact of commitments made by businesses, investors, cities, states and regions and initiatives. A summary of this work, including metrics and tools to measure the efficacy of actions to boost resilience, can be found in an accompanying factsheet, also published today.
These efforts serve as a source of credible evidence on how actors are following through on their commitments ahead of the Paris Agreement’s Global Stocktake in 2023.
In direct response to the Champions’ five-year plan, leading members of the Marrakech Partnership committed to fully support its implementation with a public declaration, representing their “pledge “to do everything we can to bridge this gap, and keep a 1.5°C temperature limit within reach.”
Nigel Topping, UN High-Level Climate Champion for COP26 said:
“The momentum among non-state actors is only set to grow. That is clearly welcome given the mountain left to climb. The science is clear. We’re not transitioning nearly fast enough. Turning today’s momentum into implementation is now absolutely the order of the day.”
Gonzalo Muñoz, UN High-Level Climate Champion for COP26 said:
“This Yearbook lands at a critical moment in the fight against climate change. However, actions by individual actors will not see us halve emissions by the end of this decade, as is required to keep in line with a 1.5°C resilient future. As non-Party stakeholders, we realize the imperative to work together towards a common goal, both among ourselves and in conjunction with Parties.”
Michael Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies and the UN Secretary-General’s Special Envoy for Climate Ambition and Solutions said: “Climate change is a challenge that can’t be solved by federal governments alone. It will also take cities and states, businesses and universities, tribal nations and faith organisations, and everyone in between – because this is an all-hands-on-deck situation. To build on the momentum of growing climate ambitions from non-state actors, Bloomberg Philanthropies will support the deepening of engagement, especially in developing countries, and data initiatives to track progress and ensure accountability.”
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Across Nigeria, hundreds of climate entrepreneurs and businesses are creating innovations to support the country’s transition to a low carbon and resilient economy.
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