afrol News, 16 February - The World Bank country Director for Nigeria Onno Ruhl has urged the country to device strategies on how best it would utilise the $200 billion at its disposal from clean technology fund. The fund has not yet been spent because the World Bank could not find any project available.

He said although the minister of environment has come up with a local strategy on climate, localisation of strategies towards climate change can bridge the challenge currently facing the world.

World Bank Regional Climate Change Coordinator, Rafaello Cervigni said climate change is a threat to development, and world assessment have been made on 25 percent children with malnourishment, 1.4 billion people in poverty, 1/6 without clean water and 1.6 billion without modern energy.

He said the current financing for adoption and mitigation on climate change is $10 billion, which is less that 5 percent of what may have been needed by 2030.

The Minister of environment, John Odey said the conclusion of the Copenhagen conference in December had stressed on the need for homegrown strategies to fight climate change. “Without relaxing in our effort to combat all environmental degradation, we are preparing to have a project on Reduced Emissions from Deforestation and Degradation,” he said.

Africa’s most populous state has over 150 million people.

By staff writer

© afrol News

Related pages and feature

Current afrol News Top Stories