ISSN : 2488-8648
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×published date:2019-Jul-17
FULL TEXT in - | page 6 - 15
Abstract
To meet the climate change policy commitment, Nigeria has to explore myriads of opportunities for mitigations of carbon emission while safeguarding the quests for modernization and industrialization. Barring the cost-intensiveness and technical capacity requirements, geological carbon sequestration in Nigeria, was estimated to possess CO2 storage capacity that can last over 500 years. The estimate was chiefly based on the use of depleted oil reservoirs with the targeted emission sources from the current gas flaring level as well as industrial emissions. Potential in the coal bed storage of CO2 is also there to be tapped, while simultaneously extracting methane gas for energy purpose. Nigeria possesses unlimited potential in natural carbon-harvesting plantation schemes with the use of reforestation, perimeter tree plantation by industries, enhanced ocean fertilization, street and household tree plantations. To enhance this scheme, research is needed in the improved seedling of carbon-harvesting plants. Nigeria needs to impose and expand carbon tax scheme to cover GHGs emission sources like refineries, automobiles, cement, plastic, petrochemical, fertilizers, power, steel, paper, transportation and other industries. This is the better way for Nigeria and other developing economies, where strives for development and industrialization are very much steep, while safeguarding our quests for industrialization and modernization
Keywords: Nigeria, climate change, carbon tax, storage, reservoir.
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