Around seven to nine billion tonnes of CO2 need to be removed from the atmosphere yearly for the world to meet the 1.5 oC Paris Agreement target, a study has shown.
The report emphasised the critical role of CDR in reducing emissions, a primary way to achieve net zero, adding that two billion tonnes per year, a far cry from what is required, is currently being removed by CDR via conventional means, including tree planting. To limit global warming to 1.5oC, greenhouse gas emissions must peak before 2025 at the latest and decline 43 per cent by 2030, according to the Paris Agreement.
The Agreement reaffirms that developed countries should take the lead in providing financial assistance to vulnerable countries to combat climate change.Nigeria's wide range of livelihoods - agricultural practices and commodities - are threatened by climate change. Rising sea levels increase exposure to flooding and waterborne disease, while drought and rising temperature hinder agricultural production and fishing, threatening food security and negatively impacting health and nutrition.
According to the report, for Nigeria to achieve its target, it would reduce methane emissions from flaring by 100 per cent by 2030 and fugitive methane from leaks by 95 per cent by 2050.