Home Local News VICE PRESIDENT ADVOCATES DEBT-FOR-CLIMATE SWAP DEAL FOR AFRICAN NATIONS.

VICE PRESIDENT ADVOCATES DEBT-FOR-CLIMATE SWAP DEAL FOR AFRICAN NATIONS.

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Vice President Yemi Osinbajo has proposed a Debt-For-Climate Swap deal to achieve a just and equitable energy transition for Africa.

Osinbajo made the call during a lecture on a just and equitable energy transition for Africa at the Center for Global Development in Washington D.C, USA.

He said the swap deal, if approved, would significantly advance the course of global net-zero emissions targets and facilitate energy access and the development of African countries.

Osinbajo charged developed countries to support Africa to grow into a global supplier of carbon credits, ranging from bio-diversity to energy-based credits.

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