Monday, May 23, 2011

‘Lagos set to rake millions from carbon’

Onche Odeh of Nigeria's Daily Independent reports that Lagos has instituted a carbon footprint initiative that could earn the state millions in foreign exchange.

The carbon footprint, seeks to create a carbon labeling culture among consumers and manufacturers with the aim of ascertaining the amount of carbon and other environmentally harmful gases produced as by-products by products, balancing the needs of the people and the environment at the same time.

Nigeria is regarded as the world’s 43rd highest carbon emitter with estimated annual carbon footprint of 100 million metric tonnes.A Study on Nigeria’s oil and gas industry also show that the industry results in the emission of over 150 billion cubic meters of environmentally damaging air emissions. This is mostly through venting, flaring or fugitive leaks. Read Onche Odeh's full article from the Nigeria's Daily Independent here

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