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Carbon credits are a transparent, measurable and results-based way for companies to support activities, such as protecting and restoring irrecoverable natural carbon sinks, like forests or marine ecosystems and scaling nascent carbon removal technology, which keeps global climate goals within reach.

In his presentation, titled: “Achieving blue growth in a changing climate – Integrating the coastal communities”, Warredi disclosed that Tantita Security realised the importance of carbon credits in a bid to provide solutions to the gross pollution in the Niger-Delta Region.

Werendi explained that one mature tree could absorb 80kg of carbon dioxide from the atmosphere in a year, stressing that several developed countries had adopted the carbon credit initiative to preserve their environment.

“If we allocate 50,000 trees per coastal community. One carbon credit equals one tonne of carbon dioxide valued at $50. CO2 absorption per year equals 80kg times 50,000 trees, amounting to four million kg,” he explained.

According to Warredi, despite the recent signing of the Climate Change Act by Nigeria, the Federal Government is still investing in the acquisition of diesel-powered trains.

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