Business
ETB, World Bank To Sponsor Carbon Conference
Equitorial Trust Bank (ETB) in collaboration with the world bank and the federal ministry of environment, is sponsoring the first-ever three-day international conference on carbon credit opportunities in Nigeria. The global meeting, which takes place between October 29 and 31 at the International Conference Centre, Abuja, has its theme: “identify the scope for market-based climate in various sectors in Nigeria, build capaicity for development in order to make Nigeria the hub of clean development mechanism projects in Africa.” According to the organizer, participants expected are African leaders, government officials, governors, ministers, local government chairmen, European Union officials and representatives of the united Nations. Others include academia, NGOs, international project developers, off set providers, carbons consultants, carbon traders and brokers. Also, attending are financiers and investors, technology providers and the media. At the forum, participants will obtain an essential knowledge of the policy and regulatory issues, that affect carbon projects, identification of projects, funding channels and mechanism, key driving elements, building of capacity for mitigating development with the environment and networking opportunities in the carbon industry. ETB in a statement, Tuesday, after the organisers of the conference paid a courtesy visit to its head office called on the other cooperate citizens to contribute to the country’s environmental regeneration and projects that will grow the ecosystem. There is pervasive ignorance on issues connected to environmental health. Our people do not easily see the correlation between a non-toxic-bio-space and the well-being of its inhabitancy. The maxim, health is wealth, remains an evergreen truism, the bank said. The statement further pointed out that the bank partnered the organizers because of its commitment to cooperate social responsibility and belief in urban renewal which defines overall national development. “We subscribe to the need for awareness creation on issues concerning our environment. This can only be achieved by the involvement of all institutional and private stakeholders in the society so that the associated challenges and opportunities can consensually be addressed” ETB said. Not long ago, the international community demonstrated the high degree of importance that is attached to environmental issues by including it on the agenda of the G8 meetings. According to the organizers of the conference, the country’s vulnerability ranges from long coasted area, high population density, low capacity and technological know-how to its dependence on climate as rain-fed agriculture to grow its economy, among other exposures. ETB in the statement declared that in realization of its philosophy of the bank for the New Nigeria, it is sponsoring the conference as a way of demonstrating its unflinching support for big businesses and belief in clean environment.
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