UK Launches Phase Two of the Nigeria–UK PACT Fund at COP30
The United Kingdom government recently launched Phase Two of the Nigeria–UK PACT (Partnering for Accelerated Climate Transitions) Fund at the UN Climate Change Conference (COP30) in Brazil. This significant initiative aims to support Nigeria in its efforts to combat climate change and achieve its environmental goals.
What is the Nigeria–UK PACT Fund?
The Nigeria–UK PACT Fund is part of a broader program under the UK’s International Climate Finance (ICF) portfolio. Jointly managed by the Foreign, Commonwealth and Development Office (FCDO) and the Department for Energy Security and Net Zero (DESNZ), the Fund was initially launched in 2021. Its primary goal is to provide resources and expertise to Nigeria, helping the country meet its ambitious Nationally Determined Contributions (NDCs) defined in the Paris Agreement.
New Support Initiatives
In this new phase, the UK government is introducing eight new technical assistance projects and five expert deployments. These initiatives are designed to bolster Nigeria’s capacity in implementing its NDCs, which are vital for the country’s national development and essential for achieving global climate goals. This support highlights the UK’s commitment to fostering international cooperation in climate action.
The Importance of NDCs
Nigeria’s Nationally Determined Contributions are integral to its strategy for achieving net-zero emissions by 2060. The UK highlighted that strengthening Nigeria’s capacity to deliver on these commitments is not only crucial for the nation but also contributes to broader global climate objectives. By enhancing technical and financial resources, the UK PACT aims to facilitate a cleaner, healthier environment for all.
Global Reach of UK PACT
The UK PACT operates across various continents, including Africa, Asia, and Latin America. The Fund provides technical assistance, capacity building, and knowledge exchange to help partner countries fulfill their climate commitments. It embodies a holistic approach to climate action, promoting just and inclusive transitions toward sustainability. Currently, it supports 14 countries, leveraging expertise, funding, and innovative partnership models that focus on policy reform and capacity strengthening.
Supporting Nigeria’s Climate Goals
The Nigeria–UK PACT Fund is specifically tailored to address Nigeria’s unique challenges in climate governance. It focuses on increasing incentives for mobilizing finance, which is essential for implementing clean energy solutions and nature-based strategies that align with Nigeria’s Energy Transition Plan and Climate Change Act. This targeted assistance is crucial for ensuring that Nigeria can successfully meet its sustainability objectives while fostering economic growth.
Conclusion
The launch of Phase Two of the Nigeria–UK PACT Fund is an important step towards enhancing Nigeria’s efforts in climate action. By providing essential support, expertise, and resources, the UK and Nigeria are collaboratively working toward a sustainable future, demonstrating the power of international partnerships in the fight against climate change.