Stakeholders task Lagos State government on climate innovation fund

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Stakeholders and participants at the just-concluded 10th Lagos International Climate Change Summit have recommended the establishment

of a Lagos Climate Innovation Fund to drive climate-resilient initiatives.

“Lagos needs to deliberately develop a mechanism to access and scale-up climate finance flows for projects and programmes through the development of bankable adaptation initiatives/projects. They also advised that the Bus Rapid Transit System and the multi-modal transport strategy of Lagos State should be sustained with critical provision for funding.

“Lagos State should bolster capacity-building and create stronger enabling environment to unlock untapped domestic private capital. “The state government should develop robust strategies that will promote circular economy as a tool for reducing GHG emissions and promote efficient use of resources.

Source: Energy Industry News (energyindustrynews.net)

 

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