The Federal Government has engaged Denmark in discussions on how to de-risk capital formation in climate finance as Nigeria leads the campaign for value chain localization in the global south.

This was disclosed by the Special Presidential Envoy on Climate Action (SPEC) and spokesman to President Bola Tinubu, Ajuri Ngelale, in a note of his activities on Friday.

Ajuri wrote “The week ended with a very important virtual engagement with my counterpart, Denmark’s Special Climate Envoy, Mr Tomas Anker Christensen on Friday, in Geneva, Switzerland, as we laid out President Tinubu’s green industrial vision and other critical climate action initiatives of the Federal Republic of Nigeria.

“The conversation led to an agreed set of next steps which will play a crucial role in providing a framework for monitoring climate action programmes in real-time while also placing de-risking capital formation at the forefront of global climate finance discussions as Nigeria leads the campaign for value chain localization in the global south.

“Earlier, I was briefed on progress being recorded in Nigeria’s push to decarbonize its robust network of telecoms infrastructure facilities by Green ICT Champion, Mr Diseye Isoun, who flew into Switzerland for the meeting.

“There are tremendously exciting emissions displacement opportunities in the sector that will create job opportunities in the months ahead.

“Mr Isoun is working hard to ensure that our frameworks are integrous and that our benchmarks are achievable,” he said.