The Lagos State government has announced plans to roll out a twenty billion green bond as parts of it’s efforts to mitigate the impact of climate change.
This is in addition to partnering the private sector, development partners and donor organizations, to find solutions and ways to better adapt to climate impact and ensure an emission free Lagos by 2050.
Governor Babajide Sanwo-Olu made this known at the 9th edition of the Lagos State Climate Change Summit with the theme: “Integrating Climate Actions in Lagos State Development: investment Opportunities and Trade-offs”
Represented by the Deputy Governor, Dr Obafemi Hamzat, Governor Sanwo-Olu pointed out that, his administration would not only mitigate, but also encourage actions and climate change adaptation to create a more resilient Lagos.
“We have recognized that inaction in the face of the devastating impact of Climate Change is not an option. No one will be left untouched. Even worse is the impact on the most vulnerable among us: Women, Children Persons living with Disabilities, the poor. These categories of people are bound to disproportionately bear the brunt of extreme weather events.
The Lagos State Government, under my watch, is in constant discussion with the private sector, development partners and donor organizations, to find solutions and ways to better adapt to climate impact, with special emphasis on protecting women, children and people with disabilities. This Conference is one of the many manifestations of our keenness to engage and collaborate” he stated
In an address of welcome, the Commissioner for the Environment and Water Resources, Mr. Tunji Bello revealed that Lagos had developed and commenced the implementation of her Climate Action Plan highlighting 26 initiatives across adaptation and mitigation actions to advance a sustainable low carbon economy in the quest to achieve net zero by Year 2050.
