16th July, 2014
Carbon-Plus Capital and its partner Stakeholder Democracy Network signed an agreement today with Cordaid, the Dutch international development agency, to collaborate on the development of the partners’ joint Niger Delta Climate Resilience Initiative.
The funding enables the partners to carry out the Phase I scoping project, which will determine the likely support of the federal and state governments for general and specific proposals relating to the potential of carbon-market-based finance to assist the Niger Delta’s transition to sustainable, low-carbon development.
The partners expect to complete the scoping work by the end of the year, when they will publish a report of findings and recommendations. Assuming the results are positive, Phase II will focus on the design and establishment of a pilot for launch in 2016.