Netzence Sustainability Limited (Netzence) has reiterated its commitment to supporting Nigeria’s efforts to achieve its Nationally Determined Contributions (NDCs) under the Paris Agreement. The company’s innovative platform, CloseCarbon, is designed to monitor and quantify Nigeria’s carbon emissions, providing valuable insights for policymakers and businesses.
CloseCarbon leverages advanced data analytics and seamless integration with various data sources to track carbon emissions across different sectors, including energy, transportation, agriculture, and the environment. This granular data allows for informed decision-making, identification of emission hotspots, and implementation of targeted interventions.
The platform also includes robust monitoring and verification features to ensure the accuracy and integrity of carbon emission data. By validating emission reduction claims, CloseCarbon helps to build trust and credibility in Nigeria’s climate action efforts.
In addition to tracking and verification, CloseCarbon offers innovative incentive mechanisms to encourage individuals, businesses, and communities to participate in carbon reduction activities. These incentives can create a thriving carbon market, providing financial rewards for verified emission reductions.
Netzence’s partnership with Nigeria aligns with the country’s national priorities and development goals. By integrating with existing frameworks and policies, CloseCarbon can contribute to a harmonized approach to climate action, amplifying Nigeria’s efforts to achieve its NDC targets while promoting sustainable development.
The Honorable Minister of Innovation, Science and Technology, Chief Uche Nnaji, has praised CloseCarbon for its role in supporting Nigeria’s climate goals. He emphasized the platform’s ability to provide the necessary tools and mechanisms for tracking, monitoring, and incentivizing carbon reduction initiatives.
With the continued support of Netzence and its CloseCarbon platform, Nigeria is well-positioned to achieve its climate commitments and establish itself as a leader in the fight against global warming.
