The Securities and Exchange Commission, in collaboration with the African Development Bank, has called for a heightened embrace of green finance as a strategy to combat climate change and foster a sustainable economy in the country.
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, disclosed this on Tuesday at a capacity-building workshop for capital markets operators on green finance in Lagos.
Agama stated that climate change posed a risk to humanity, citing the International Monetary Fund’s report that highlights the warmest period recorded in recent years. “Embracing green finance will help tackle the current problem.
We must also adhere to government principles that enhance our efforts against climate change,” he said.
He stressed that both the Federal Government and the Debt Management Office have led initiatives to fund afforestation and renewable energy projects, setting a precedent for sustainable development.
He urged businesses to support this transition by diverting from unsustainable practices and adopting green finance principles.
